Financial experts appear to be divided over whether commercial property will be a sound investment in 2013.
Only recently we reported that BNP Paribas predicted an upturn in the sector this year, with double-digit returns anticipated by 2015.
And last month Aviva Investors Property Trust signalled its confidence in UK commercial property stating that 2013 is likely to be the "turning point". They have subsequently doubled their market return forecast.
But some property advisors are still urging investors to be cautious given the sector's history, and are unsure if now is the right time to get back into commercial real estate.
Commercial property used to be a popular option for investors, however following the big price falls in the aftermath of the credit crunch the sector lost favour.
Now, with returns from cash and bonds continuing to fall, investors are exploring alternative options.
Some investment experts are pointing to the current high yields from commercial real estate as a reason to return to the sector, and stating value can now be found in good secondary assets in locations outside central London, rather than just from prime assets in London and the south east.
Analysis by the IPD supports this view, which found that secondary properties with a good tenant and long lease have delivered a higher return than better quality prime properties with a short lease.
In my experience, real estate should always be viewed as an attractive opportunity to achieve returns well above those earned from alternative asset classes, such as bonds.
Investing in commercial property helps minimise and spread risk in an investor's portfolio. With equities, if the company you hold shares in becomes insolvent the investor is left with nothing. Property, on the other hand, is a tangible asset and if a tenant company goes bust the bricks and mortar still remain.
However I always advise that property should be seen as a long-term asset and investors need to factor this in before making any commitment to invest.