The office market is forecast to see a fall in sales values over the next quarter whilst rents are expected to see some growth in comparison to the first quarter.  This can be seen as purely a product of the cyclical nature of property and it reacting to other markets; although other headlines may seem more alarming

The Guardian has asked could offices be the next big casualty of the banking crisis which on the surface of it may cause worry. At the same time as the Evening Standard tells us of the property market “London copes better than rivals with less vacant office space recorded “

The banking crisis comprises the failing of Silicon Valley Bank and the rescue of Credit Suisse, who had been in trouble for years – so not really a crisis as of yet. Accepted neither of these is great news but whether they a creating the perfect storm for the property industry is a matter of opinion over which the course of 2023 may tell