The commercial property market in Swindon is reflecting the latest RICS UK Commercial Survey for Q3 2020, which reports a deeply negative outlook for retail and office rents, but with industrials seeing a solid recovery.

The survey reports occupier demand at a net balance of -33%, a significant improvement on the -55% reported in Q2. However, 73% of survey contributors saw a considerable drop in occupier demand for retail floorspace, whilst demand for offices came in at -66%, but with occupier demand for industrial/warehousing showing a positive net balance of +22%.

Swindon-based RICS Survey contributor Andrew Kilpatrick of Kilpatrick & Co said: “The economic uncertainty is holding back deals in most sectors of Swindon’s commercial property, whilst continuing trade deal uncertainties are not helping confidence, either.”