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ROMP: Newcastle Commercial Property

Regional Office Market Presentation

  Prime Yields (%) Prime Rents (£psf) Take-up
(000s sq ft)		 Vacancy Rate (%)
2002 7.25 19.50 343 8.2
2003 7.00 19.50 324 6.8
2004 6.25 19.50 430 7.2
2005 6.00 20.00 783 7.0
2006 4.75 22.00 687 5.5
2007 5.50 22.00 600 3.0
2008 7.00 23.00 881 4.8
2009 6.25 23.00 229 7.5
Q1 2010 6.25 23.00    
2010 (f)   23.00    

All data shown is as at year end except where stated.
*Our prime yield assumes a rack rented Grade A building fully let to a good private sector covenant with a minimum of 15 years' secure income.

Source: Knight Frank

For further information, please contact Claire Higgins