CREDIT ratings agency Fitch says commercial property rents are likely to remain under pressure for at least the next three years, despite increasing optimism that prices are stabilising.
Market data suggests that UK commercial property prices declined 8.7% in the first quarter of 2009 compared with a 14.3% drop in the final quarter of 2008.
Fitch adds that positive rating pressures are unlikely until both the commercial property investment and occupational markets enter a period of sustained recovery.
