Europe Commercial Property Focus German office rental growth is set to pick up strongly Office rental values in Berlin, Hamburg and Munich now stand, on average, 7% above their prior 2008 peaks, and at their highest levels in 15 years. Even so, the positive economic outlook, low... 17th March 2016 · 1 min read
Europe Commercial Property Focus How much scope is there for European office rents to rise? In recent years, across Europe, yield compression has been by far the largest driver of capital value growth. Yet property yields are fast approaching their limit. That means we now need to see a pick... 29th February 2016 · 1 min read
Europe Commercial Property Focus Is property in Lisbon overvalued? Lisbon has been highlighted as one of Europe’s top cities for investment prospects this year. Yet property yields are already at record lows. And as Portugal’s weak economic fundamentals limit the... 22nd January 2016 · 1 min read
Europe Commercial Property Focus Has investment activity in Central Europe plateaued? Investment activity appears to have plateaued in Central Europe. But if one includes ‘platform deals’, the picture is more positive. That said , there are factors holding volumes back, including a mis... 22nd October 2015 · 1 min read
Europe Commercial Property Focus Will Munich’s office rental premium over Hamburg continue to grow? Since early 2012, the rental premium commanded by prime office space in Munich over that in Hamburg has grown by almost a third. However, in the next few years both demand and supply fundamentals... 14th October 2015 · 1 min read
Europe Commercial Property Focus Which markets offer the best relative value to investors? With government and corporate bond yields at all-time lows in most of Europe and equity dividend yields close to their long-term averages, European commercial property looks relatively well-priced... 8th October 2015 · 30 mins read
Europe Commercial Property Focus Where is the potential for office rental value growth strongest? An analysis of current office rental values relative to estimates of their equilibrium levels suggests that Madrid, Barcelona, the main German cities and Brussels offer the best medium-term growth... 19th August 2015 · 1 min read
Europe Commercial Property Focus Rising Nordic investment signals shift towards secondary property Investment flows have been rising in the Nordics, reflecting both large single-asset deals and, increasingly, a number of major portfolio transactions. The growing willingness to transact secondary... 25th June 2015 · 1 min read
Europe Commercial Property Focus Paris offices: Gearing up for rental growth Although French employment growth is forecast to remain lethargic, the limited development pipeline and occupiers’ preference for modern, centrally-located space will drive an improvement in the... 26th February 2015 · 1 min read
Europe Commercial Property Focus ECB on hold: will commercial property in the periphery outperform? A weak economic outlook for the euro-zone means that we do not expect particularly strong rental growth in the coming years. But, with interest rates on hold and bond yields expected to stay low... 27th November 2014 · 1 min read
Europe Commercial Property Focus How much upside is there for Spanish office rents? Despite dropping by 40% since 2008, we are not convinced that prime rental values in the main Spanish office markets are now obviously too low. While we do envisage a recovery over the next few years... 3rd June 2014 · 1 min read
Europe Commercial Property Focus Half a dozen key calls for European commercial property in 2014 As 2013 draws to a close, in this Focus we take the opportunity to outline a selection of our key calls for European commercial property markets in 2014, and the thinking that underpins them. 18th December 2013 · 1 min read
Europe Commercial Property Focus Is there any value left in French and German property? Commercial property in the euro-zone's two largest economies may appear expensive. But given the market's size, liquidity and perceived safe-haven status, as well as our view that capital values will... 9th December 2013 · 1 min read
Europe Commercial Property Focus What is the outlook for commercial property in Spain and Italy? The economic problems facing Italy mean that, in our view, it is too soon to call the floor for capital values in office and industrial markets. By contrast, we do expect the next big move in Spanish... 2nd December 2013 · 1 min read
Europe Commercial Property Focus Logistics: where are the opportunities? Over the next 5-10 years, we think that capital values in the European logistics sector will be strongest in Hungary, Ireland and the UK, but also above average in Russia and Germany. 30th September 2013 · 1 min read
Europe Commercial Property Focus Is the Bucharest commercial property market at a turning point? With domestic demand still weakening, the near-term outlook for Bucharest’s logistics and retail property sectors is subdued. But there is some potential for office-based employment to rise from here... 8th August 2013 · 1 min read
