After several years of volatility due to economic uncertainties, the commercial real estate market in the United Kingdom has shown signs of stabilisation overall in 2024. This recovery is driven by increased investor confidence and has been felt by different asset classes.

For example, industrial and logistics properties have performed exceptionally well, fuelled by the growth of ecommerce and the need for last-mile delivery solutions. Separately, data centres were designated as critical national infrastructure in September 2024 by the UK government, meaning they will benefit from additional government support which has continued to attract significant investment.

In the hospitality sector, the hotel sector has experienced a notable recovery in 2024 as travel restrictions eased globally and tourism rebounded strongly. Occupancy rates have risen significantly compared to previous years, especially in popular tourist destinations such as London and Edinburgh. Business tr