CoStar data show London office yields fell sharply in 2025 as investor demand strengthened, with transaction-based yields down 130 basis points to 5.9% by the end of Q4. Regional office yields moved the other way, rising 70 basis points to 10.5%, widening the London-versus-regions spread to 460 basis points, the largest in 12 years. CoStar also reported industrial yields climbed to an eight-year high of 7.1%, and that average retail and industrial yields reached parity for the first time since 2018.

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