2023-03-02-莱坊-Investment_Yield_Guide_March_2023_4页_411kb

Prime Yield Guide Summary (March 2023)

• Report Overview: This guide is indicative and based on rack rented properties, excluding bond type transactions. It was prepared on March 1, 2023, by Knight Frank Intelligence, analyzing prime yield changes from March 2022 to March 2023 across various real estate sectors.

• Market Trends: Yields were mostly stable or showed weakening sentiment in sectors like retail, offices, and industrial spaces, while some distribution and healthcare sectors remained stable. Key drivers included high inflation and interest rates, leading to moderated economic growth.

• Key Changes:

  • City Prime yields at 4.75% with stable sentiment.
  • West End Core yields stable at 3.75%, while Retail schemes showed weakening, e.g., Bond Street yields at 2.75% with weaker sentiment.
  • Economic indicators: UK inflation slowed to 10.1%, PMIs indicated services growth, and interest rates like SONIA and Bank of England base rate were high.

• Economic Context: Inflation decreasing but still elevated; Financial data from PMIs, bond yields, and real estate dashboards provided insights into market dynamics and opportunities. SENTIMENT indicators flagged mixed conditions across sectors.