News - Midlands
RICS reports a slow recovery
The West Midlands commercial property market is recovering at a slower pace than London, according to the latest survey by industry body RICS. However, it reports commercial property lettings activity continued to pick up across office and retail property within the West Midlands for the second consecutive quarter. Mark Swallow, RICS West Midlands spokesperson and head of the Birmingham office at Knight Frank, said: “Office lettings activity continues to rise modestly across the country, and this is reflected in the West Midlands. Although surveyors still remain cautious, confidence is returning to the marketplace and we are definitely seeing a different landscape to last year.”