The EU referendum and its potential impact on London property markets remains a key concern in 2016. There is still a continued lack of supply of commercial accommodation in London. Demand continues to put pressure on rents. Considerable increases at review or renewal are now commonplace. Early consideration is essential due to likely competition in the marketplace. Professional advice is therefore vital.

The effect on capital values is also apparent. For the time being, economists believe that a Brexit could dampen prospects for commercial real estate. In the short term, yields have remained stable. However, if the country decides in favour of a Brexit on 23rd June, prolonged uncertainty may follow. This could negatively impact investor sentiment.

Careful consideration of review and lease renewal strategy is essential. The effects could be long term. Market changes may influence negotiations and values of both leasehold and freehold property. Kinney Green is able to offer a thorough understanding of the current market. Our analytical approach considers specification, location, and lease term. This ensures the best outcome for our clients.

Occupiers and investors should monitor market activity closely. Clear evidence from completed deals will guide rent levels and incentives. A cautious approach may create opportunities for tenants to negotiate improved lease terms. Early engagement and structured negotiations remain key to securing favourable outcomes in London’s commercial property market. Businesses should also consider flexibility within lease structures, break clauses, and future expansion requirements. Market conditions may change rapidly depending on the referendum outcome. Securing favourable terms now could mitigate risk. Landlords and tenants alike should review their positions carefully and take professional advice before entering negotiations.