Commercial Property Market Review April 2026

UK commercial real estate capital values flatten, new business rates valuations, strong recovery in retail and hotel sectors.

Key takeaways

  • UK Commercial real estate – Q1 capital values remained flat and 1.4% quarterly total returns driven by income returns
  • New business rates – new rateable values hit over two million non-domestic English properties from 1 April
  • Retail and hotel – experiential retail transforms the sector and UK hotel investment exceeds £1bn in Q1