According to the Investment Property Databank (IPD), average total returns (rent plus capital growth) were 0.2% in July which is the lowest monthly return from the sector for 12 years.

Prices in retail and industrial property fell in July by 0.6% and 0.3% respectively. Only the office market is bucking the trend with an increase of 0.3%. Although these falls were small, over the last five years prices rose consistently every month to record levels.
The data, based on 4,300 properties worth £58.5bn, confirms the view that investors will not pay such high prices for commercial property.