US commercial property market 'is better value' than UK
Date posted: 21 Aug 2010
The commercial property market in the US represents a better value area of investment than the UK at the moment, it has been claimed.
Published by Tim Hill.
There is "better value" to be had from investments in the US prime commercial property market than in its UK counterpart, according to one sector expert.
Cushman & Wakefield said that values have fallen "much further and faster" in the US, as office rents have adjusted "quite dramatically".
Michael Rhydderch, partner at the real estate advisor, said that the prospect for rents going forward is better than most people believe.
His comments follow the release of a report by DTZ, which showed that the prime commercial property markets in the US and Asia offer better value than those in Europe and the UK.
Mr Rhydderch explained: "Pricing was held up a little bit in Europe by national investors buying within their own countries, whereas the pull out of capital was much more pronounced in the states."
He added that there is still "reasonable value" to be had in the UK, but there is "probably better value" to be had in the US at the moment.
Please contact Michaela Henson, Head of Property for further information or call 01223 225178 
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