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Occupier demand for commercial property in Wales fell flat in the third quarter of this year according to the latest research from Royal Institution of Chartered Surveyors (RICS).
However, its latest commercial property monitors shows a contrast between different sub-sectors of the market. Occupier demand industrial space rose (a positive net balances 25%), while a net balance of minus 23% of Welsh surveyors reported a fall in demand for retail space.
Looking at overall investor demand, a net balance of minus eight respondents in Wales reported a fall. Whilst this balance remains in negative territory, it is an improvement on minus 19% in the previous quarter. Looking at the subsectors, again, industrial spaces continues to perform better than office and retail.
A net balance of 12% of respondents
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