ROMP: Prime Yield Commercial Property
Regional Office Market Presentation
Prime Yield (%)
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
Q1 2010 |
| Aberdeen |
7.25 |
7.50 |
7.00 |
6.00 |
5.50 |
6.00 |
7.25 |
6.25 |
6.25 |
| Birmingham |
6.50 |
5.70 |
6.00 |
5.25 |
4.50 |
5.50 |
6.75 |
5.75 |
5.75 |
| Bristol |
6.75 |
6.50 |
6.25 |
5.50 |
5.00 |
5.50 |
7.00 |
6.00 |
6.00 |
| Cardiff |
7.00 |
6.95 |
6.25 |
5.75 |
5.00 |
5.75 |
7.25 |
6.25 |
6.25 |
| Edinburgh |
6.25 |
6.00 |
5.75 |
5.50 |
4.50 |
5.50 |
7.00 |
5.75 |
5.75 |
| Glasgow |
6.50 |
6.25 |
6.00 |
5.50 |
4.50 |
5.50 |
7.00 |
5.75 |
5.75 |
| Leeds |
6.75 |
6.50 |
6.25 |
5.50 |
4.75 |
5.50 |
7.00 |
5.75 |
5.75 |
| Liverpool |
8.00 |
7.50 |
6.50 |
6.00 |
5.00 |
5.75 |
7.25 |
6.25 |
6.25 |
| Manchester |
6.50 |
6.25 |
5.75 |
5.75 |
4.65 |
5.25 |
7.00 |
5.75 |
5.75 |
| Newcastle |
7.25 |
7.00 |
6.25 |
6.00 |
4.75 |
5.50 |
7.00 |
6.25 |
6.25 |
| Sheffield |
7.50 |
7.00 |
6.75 |
5.75 |
5.00 |
5.50 |
7.25 |
6.25 |
6.25 |
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.
To see a comparative graph:
click on a year
All data shown is as at year end except
where stated.
Source: Knight Frank LLP
For further information, please contact Oliver Du Sautoy