■ We expect top rents to remain stable at £25 per sq ft throughout 2017 following the steep jump from £23 during 2016.
■ The shortage of investment deals so far during 2017 has been largely down to the pricing mismatch between buyers and sellers, as well as the lack of pressure to sell.
■ Rising construction costs are now driving some investors to consider buying, rather than develop new stock, adding further downward pressure on prime yields.
■ We expect prime yields to remain stable going forward, with sustained demand for well let assets from the overseas market, who continue to benefit from a weak sterling.