"Cautious macro conditions are constraining investment activity, but firm demand and restricted supply continue to support pricing and income resilience"

"Food inflation remains above the long-term average, yet the UK’s leading grocers continue to see positive performance driving investor competition for well-located supermarket assets"

"The market remains in a period of stasis, but opportunities are emerging. ‘Rest of UK offices’ look interesting based upon the yield gap to Central London offices"

"Although investor confidence has been on the back foot for a number of months, the occupational fundamentals for prime commercial stock remain positive"

"Rising food inflation has driven sales growth but is offset by a fall in volumes in the UK grocery market; however, with headwinds beginning to ease, investment demand has begun to see a resurgence in 2023"

"Consumer confidence remains suppressed; however, the grocery sector shows strong resilience. The key question remains, how to predict consumer behaviour in the new normal"