Europe Commercial Property Update Sharper lira correction risks stuffing Turkey rent gains Although prime property in Turkey saw strong rental gains in 2022, a slowing economy looks set to weigh on occupier demand and cause rent growth to decelerate next year. Meanwhile, the risk of a... 22nd December 2022 · 3 mins read
Europe Commercial Property Update Tech layoffs add to broader office demand concerns The impending recession will hit jobs growth across the office-based sector. But the impact on office demand is likely to be greatest in markets that have a large exposure to the tech sector. This... 21st December 2022 · 3 mins read
US Commercial Property Update The World in 2023: Property prices to plunge Property markets rebounded strongly after 2020, in part boosted by favourable structural shifts brought on by the pandemic. But they have hit the buffers in recent months. And fortunes are likely to... 15th December 2022 · 4 mins read
Europe Commercial Property Update Italian prime office rents to fall next year The sharp fall in employment we expect next year will drag on Italian office rents. While prime rents should hold up better than the wider market as the shift to the best quality space continues, we... 29th November 2022 · 3 mins read
Europe Commercial Property Update Consensus view of 2023 office rents is too optimistic The latest IPF Consensus survey showed a significant upgrade to 2022 European office rent growth expectations, largely due to strong rent outturns in Q2 and Q3 this year. A slowdown is expected in... 24th November 2022 · 3 mins read
Europe Commercial Property Update Further declines in store for Paris prime retail rents Falls in Paris prime retail rents are set to continue into 2023 as weaker domestic and foreign spending weigh on tenant demand. And while the prospects for both are brighter for 2024, we think the... 11th November 2022 · 3 mins read
Europe Commercial Property Update Barcelona prime offices to underperform Madrid Spanish office rental values are expected to be harder hit than the euro-zone average as the looming recession weighs on occupier demand and higher interest rates push up yields. However, at a market... 9th November 2022 · 3 mins read
UK Commercial Property Update Global recession seals real estate downturn In line with changes in our global economic view, we have made significant downgrades to our commercial real estate forecasts for the next couple of years. As a result, we now expect a much bigger... 8th November 2022 · 3 mins read
Europe Commercial Property Update What does recession mean for German prime offices? German prime office rental growth is expected to slow sharply next year as the economy experiences the deepest recession in the euro-zone. Even so, we don’t expect rental growth to underperform as the... 2nd November 2022 · 3 mins read
Europe Commercial Property Update European investment slowdown intensifying An acceleration of the slowdown in European commercial property investment in Q3 is evidence that economic growth concerns, higher interest rates and tightening credit standards are weighing heavily... 28th October 2022 · 3 mins read
Europe Commercial Property Update Helsinki office vacancy to edge higher Helsinki office vacancy jumped in Q3 and is likely to trend higher over the next couple of years as occupier demand weakens, completions rise and there are fewer office-to-residential conversions. As... 27th October 2022 · 3 mins read
Europe Commercial Property Update Athens rent growth to slow but will outpace euro-zone We have downgraded our expectations for Athens prime rental growth over the next two years on the back of a weaker outlook for economic activity. However, with the Greek economy still expected to be... 24th October 2022 · 3 mins read
Europe Commercial Property Update Euro-zone all-property rents to stagnate next year The deep recession faced by the euro-zone in the coming year will cause a sharp slowdown in prime rental growth, which we now expect to drop to 0% at the all-property level next year. We don’t think... 20th October 2022 · 3 mins read
Europe Commercial Property Update Gloomy outlook for Prague office rents The post-pandemic rebound in the Prague office market is likely to prove short-lived. With the Czech economy slowing and employment expected to contract, occupier demand will soften just as new office... 14th October 2022 · 3 mins read
Global Economics Update From inflation crisis to financial crisis? Problems at California-based lender Silicon Valley Bank (SVB) have refocussed attention on financial sector risks. In light of this, we are resending a report from last October that provides a... 11th October 2022 · 5 mins read
Europe Commercial Property Update Larger fall in euro-zone capital values on the cards Recent revisions to our euro-zone interest rate and bond yield view suggest there is upside risk to our forecasts for prime commercial property yields. With the deteriorating economic outlook also set... 7th October 2022 · 3 mins read
