Essex has been one of the strongest performing markets across the Eastern M25 in terms of rental growth over the past 12 months, with prime rents rising by 6.4% on average and secondary rents up by 4.0%. Braintree registered the strongest uplift in values, rising to 8.3% to £13.00 per sq ft whilst both Basildon and Chelmsford have seen values increase by 7.7% and 7.1% respectively. The highest rented market in the region, Thurrock, experienced the lowest growth, with rents rising by 3.1% over the past 12 months to £16.50 per sq ft. Owner occupier capital values have had a more mixed period, with values up by 9.1% in to £300 per sq ft in Chelmsford, whilst Thurrock saw values slip by 8.8% to £310 per sq ft.
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