Shop rents see first fall in 7 years

Published 13th Aug 2008

Shop rents in the UK fell for the first time since May 2001 in July while commercial property values extended their correction from last summer's peaks to 20 percent, data showed on Tuesday. Property services firm CB Richard Ellis (CBRE) did not give a specific number for retail rental values but said UK all-property capital values fell by 9.2 percent in the first seven months of 2008.

Source: ' II '

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