Central London offices are still delivering strong returns

Despite volatility in the political landscape, rents and values across London's office market have remained relatively stable for the better part of the last three years. This has delivered stable total returns of c. 5%; something that is not readily available in many markets globally. Even when compared to gilts, equities and shares, London's office market emerges as a more stable asset class. That said, industrial assets, which have been a star performer in recent years, continue to outshine all property asset classes, albeit returns here are moving in as the cycle progresses.