International property services company Savills has predicted a strong commercial property market this year driven by cheaper financing and the sustainability agenda. The firm mentioned that while challenging conditions persist, most markets are recovering.
Savills remarked that sentiment is shifting towards expectations of a decline in capital cost over the year, which, alongside refocusing on corporate office attendance, will bolster transaction volumes and continue the market's improvement through 2025.
With half of London's offices projected to become unlettable by 2027 due to stricter environmental criteria, demand for sustainable buildings is altering the landscape as firms like WPP and Lloyds push return-to-office policies.
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