"The overall picture for commercial property continues to brighten after two testing years," Nick Parker, an analyst for economics and forecasting at CB Richard Ellis, said in a news release. "October's results demonstrate the strength of the renewed appetite for property, with total returns for October stronger than any month in the history of the CB Richard Ellis Monthly Index.
http://www.snl.com/Interactivex/article.aspx?CdId=A-10302412-14394
‘Investors seem to believe that they will look back on 2009 as an historic low point for pricing so it’s no surprise that buyers are rushing in now so they can claim they made a purchase at the right time,’ said David Erwin, head of UK capital markets, Cushman & Wakefield.
‘However, with a real shortage of quality property to offer them, some commentators are already worrying that we’re heading back into a bubble.
http://www.propertywire.com/news/europe/uk-commercial-gets-boost-200911093661.html
Are we there yet? If not very nearly. Closed on the days high and late buys going through very close to the full offer price. Another blue day tomorrow will confirm the breakout and then the real buying will start.