Those considering taking out commercial mortgages may be interested to hear the comments made at a recent commercial property event in Cardiff.
BNP Paribas Real Estate head of research Keith Steventon told delegates at his company's economic forecast seminar that retail rents in Wales will start rising again in 2011 and then increase again the following year.
Respective rises of 1.2 per cent and 6.8 per cent will be recorded in these years, he said, following declines in rent levels in 2009 and 2010, reports the Western Mail.
The offices sector will have to wait until 2012 to experience growth, although Mr Steventon suggested that 2013 will see rents in this part of the commercial property market increase by 6.4 per cent.
He added: "The overhang of available office space is less severe than in the 1990s and the development pipeline has been closed down faster."
Prime rents in the Welsh business hubs should move up "very quickly" once there is more demand because there is little or no prime space being developed, he continued.
Meanwhile, the Times reported this week that commercial property is starting to become more attractive to big-name investors again after a number of quiet months.
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