Europe Commercial Property Update Industrial’s pandemic-era boom over; steady demand ahead Industrial property has been a clear winner over the past five years, with double-digit annual rental growth far outpacing expectations. However, as we predicted early on, supply has been responsive... 25th February 2025 · 5 mins read
Europe Commercial Property Update How much longer can global hotels outperform? Hotels have seen a considerable turnaround in the past five years given the near-existential threat that the pandemic posed to the sector. Having bottomed last year, we expect values will grow in the... 20th February 2025 · 7 mins read
UK Commercial Property Update Retail is back, but online will remain a drag into the 2030s Five years ago, the retail sector was staring at the abyss, as lockdowns and virus-related restrictions worsened what was already a crisis in demand. The turnaround since has been dramatic. But while... 12th February 2025 · 5 mins read
Europe Commercial Property Update Euro-zone CRE investment outlook still gloomy After a strong Q4, a shaky start to 2025 has highlighted the fragility of the recovery in euro-zone commercial real estate investment. We still expect transaction volumes to rise over the remainder of... 11th February 2025 · 5 mins read
Europe Commercial Property Update Risk of CRE debt distress greater in the EZ than the UK A stabilisation in capital values and decline in interest rates have sparked optimism that we may be past the worst of the real estate debt refinancing challenge. That indeed looks to be the case in... 6th February 2025 · 7 mins read
US Commercial Property Update COVID five years on: How the pandemic continues to shape real estate markets Five years on from the start of the pandemic and the structural shifts it brought about continue to underpin real estate performance. Over the coming weeks, we will publish a series of pieces that... 5th February 2025 · 3 mins read
Europe Commercial Property Update European CRE sentiment too weak to set recovery alight in 2025 The latest RICS survey showed further improvement in occupier and investor demand in Europe. However, with the uptick in sentiment only small, the market looks to be struggling to gain momentum... 30th January 2025 · 6 mins read
Europe Commercial Property Update Global real estate can shake off latest bond yield rises Renewed rises in market interest rates across the UK, US and euro-zone have prompted questions about the implications for real estate. For now, we think the upside risk to property yields is small. We... 23rd January 2025 · 8 mins read
Europe Commercial Property Update Downsizing not the only concern for German office demand The underperformance of the German office-based jobs sector since 2019 has been stark and the weak outlook for the economy suggests a material reversal is unlikely in the next five years. This will... 22nd January 2025 · 3 mins read
Europe Commercial Property Update French industrial rent prospects slip down the rankings Slowing economic growth and rising availability will hold back French industrial rental growth this year, with affordability concerns likely to be an additional drag in Paris. This will leave the... 15th January 2025 · 3 mins read
Europe Commercial Property Update Madrid offices will continue to outperform Madrid has seen some of the region’s strongest prime office rental growth in the recent past. While the factors supporting this surge may weaken slightly over time, we think that rent and returns... 14th January 2025 · 3 mins read
Europe Commercial Property Update Our key calls for 2025 Against a backdrop of lower interest rates and weak economic growth in much of Europe, we think the recovery in property values will continue at a gradual pace in 2025. Our forecast for euro-zone... 8th January 2025 · 3 mins read
Europe Commercial Property Update Reviewing our key calls for 2024 The end of the downturn in the European property market came in 2024 as forecast, though the euro-zone performed better than we had expected. That primarily reflected the strength of the prime office... 7th January 2025 · 3 mins read
Europe Commercial Property Update Oversupply will keep CEE logistics in a rut in 2025 The non-euro-zone central European logistics markets have been Europe’s worst performing in 2024 as prime rents have fallen across the region. 2025 will herald more of the same, as oversupply keeps... 19th December 2024 · 6 mins read
Europe Commercial Property Update Trump tariffs would drag on port-centric industrial hubs The incoming Trump administration is threatening to put new tariffs on European exports. In our view, given their limited macroeconomic impact, they will not be a game-changer for commercial property... 18th December 2024 · 4 mins read
UK Commercial Property Update What’s keeping real estate investors awake at night? A vast share of our clients highlighted geopolitics and/or Trump as their biggest blind spots going into 2025 when polled at our recent London roundtables. Meanwhile, a large majority thought that... 9th December 2024 · 3 mins read
