CBRE figures also revealed that rental values fell by 0.2% in the same period, the first time capital and rental values have both fallen in the same month since October 2012.
Retail sector capital values fell 1.9% in November and have fallen by 5.3% in 2018 so far.
Although shopping centre capital values decreased by 1.5%, the sector average was pulled down by a 3% fall in retail warehouse values.
Rental values in the retail sector decreased by 0.9% in November, with retail warehouses recording a fall of 1.2%.
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Capital values in the office sector grew by 0.2% during the month, while the industrial sector reported capital value growth of 1%.
“Sharp falls for retail warehouses this month resulted in the first negative capital value growth at the all property level since the EU referendum,” said Robin Honeyman, research analyst at CBRE UK.
“The 3% decline in capital values over the last month brings the year to date fall for retail warehouses to 5.7%, still some distance behind shopping centres, where values have fallen 8.2% in 2018 so far.”