莱坊_英国房地产导航2025年第三季度

UK Real Estate Navigatorknightfrank.co.uk/researchQ3 2025A quarterly review of the UK commercial real estate marketUK REAL ESTATE NAVIGATORQ3 2025The headlinesOur experts share the headlines from their UK CRE sectors this quarterEconomyGlobal economy steadies, but risks remain to the downside. The UK’s growth outlook has been upgraded, though recovery remains gradual.Capital marketsUS investment in UK CRE accelerated in Q3, with capital deployment rising +19% versus Q2. The IPF forecasts the Industrial sector to deliver the strongest capital and rental value growth in 2025.OfficesUK Cities : Leasing remains above long-term trend, underpinned by professional services and TMT demand, and intensifying competition for prime space. The investment market shows signs of improvement, with benchmark deals in the pipeline, rising stock availability, and increasing buyer-seller alignment. South East : Leasing activity continues at pace, underpinned by larger requirements and sustained demand for best-quality space. Investment volumes continue to show modest improvement, with activity underpinned by an increasing pipeline of assets being marketed. London: City & Southbank investment stutters amidst increased volatility in interest rates, whilst safe -haven driven transactions result in volumes rising by nearly a third in the West End. Softer lease-up in key business districts due to seasonality and Budget uncertainty, but structural under supply of best-in-class space remains.IndustrialIn the investment market, portfolio momentum builds, REIT demand rises, and yield spreads narrow. Occupier demand strengthens, vacancy climbs, and rental growth softens.RetailThe spectre of the Autumn Budget looms large – investors spooked, retail occupiers braced, consumers oblivious, or just indifferent?Data centresHyperscale developers remain committed to the UK, however concerns over the availability and cost of power raise questions as to the UK’s large-scale AI competitiveness.HealthcareUK healthcare is set for record transaction volumes in 2025, but bed supply constraints still remain an issue despite strong underlying drivers.Life sciencesUK life sciences funding falls year-on-year, as capital narrows. Domestic M&A eases while reviving globally, and the wider UK innovation economy draws substantial funding. Take -up eases in Q3 as active demand and space under offer increase.CAPITALMARKETSOFFICESINDUSTRIAL DISTRIBUTIONRETAIL LEISURESPECIALISTSECTORSCONTACTSECONOMIC UPDATECAPITAL MARKETSOFFICESINDUSTRIAL & DISTRIBUTIONRETAIL & LEISURESPECIALIST SECTORSCONTACTSUK REAL ESTATE NAVIGATORQ3 2025CONTACT: VICTORIA ORMOND, CFAEconomicupdateGlobal and UK economyCAPITALMARKETSOFFICESINDUSTRIAL DISTRIBUTIONRETAIL LEISURESPECIALISTSECTORSCONTACTSECONOMIC UPDATECAPITAL MARKETSOFFICESINDUSTRIAL & DISTRIBUTIONRETAIL & LEISURESPECIALIST SECTORSCONTACTSUK REAL ESTATE NAVIGATORQ3 2025Source: Knight Frank Insight, Macrobond , OECDGlobal economyGlobal economy steadies, but risks remain to