Europe Commercial Property Update German retail well beyond peak occupier demand Retail letting volumes in Germany’s main cities have been trending downwards over the past few years, putting upwards pressure on the spread between prime and secondary yields. With demand for... 25th May 2018 · 1 min read
Europe Commercial Property Update Are we too optimistic on Dublin retail rents? Q1 data indicate a rise in prime Dublin retail rents, following last year’s stagnation. With strong demand and supply fundamentals, we think rents will rise further over the next couple of years, but... 11th May 2018 · 1 min read
Europe Commercial Property Update Property yield correction will be limited As the ECB starts to tighten monetary policy, higher risk-free rates are likely to put upward pressure on property yields. However, we think that real equilibrium interest rates are now lower than in... 8th May 2018 · 1 min read
Europe Commercial Property Update How big is the threat of zombie malls in Europe? Dire predictions for US shopping centre closures appear relatively well-founded. However, for a variety of reasons – including more defensive lease terms, lower stock per capita and tighter planning... 3rd May 2018 · 6 mins read
Europe Commercial Property Update How healthy is German industrial demand? Following last year’s fall in take-up, recent signs that the German economy is coming off the boil raise questions about industrial and logistics demand. However, we think that the economic outlook is... 1st May 2018 · 1 min read
Europe Commercial Property Update Prospects for Bucharest industrial rents weakening Strong demand for industrial space in Bucharest has pushed vacancy down to very low levels. Yet prime rents have been flat for the past 18 months as rising capital values have supported new... 26th April 2018 · 1 min read
Europe Commercial Property Update Are Amsterdam office rents getting too high? As the balance of supply and demand in Amsterdam offices shifts yet further in favour of landlords, we expect the vacancy rate to fall to around 4.5% and prime rents to climb to €450/sqm/yr by the end... 19th April 2018 · 1 min read
Europe Commercial Property Update Will blockchain revolutionise the property industry? A quick internet search suggests that blockchain technology could have far-reaching changes for a multitude of industries, including commercial property. But even if the technology doesn’t live up to... 18th April 2018 · 1 min read
Europe Commercial Property Update Five more years of pain for Warsaw office rents Demand for office space in Warsaw will continue to grow in the coming years, but this will not be enough to offset around 1m sqm of new stock completing over that same period. In fact, rental value... 13th April 2018 · 1 min read
Europe Commercial Property Update Will a lack of prime CBD stock boost Paris office rents? A shortage of Grade-A stock in the Paris CBD threatens to drive a sharp lift in rental values. However, a large quantity of new supply in the wider Paris Centre-West market this year means that we are... 9th April 2018 · 1 min read
Europe Commercial Property Update Completions to take the edge off Milan rental growth Occupier demand in Milan is likely to stay healthy again this year, supporting further rental growth. But with completions expected to rise and rents close to previous highs, we don’t expect to see a... 5th April 2018 · 1 min read
Europe Commercial Property Update Stockholm capital values set to slide from 2019 Improved short-term prospects in Stockholm will keep office rents in the city amongst the fastest growing European markets in the next few years. However, with yield falls now at an end, total returns... 4th April 2018 · 1 min read
Europe Commercial Property Update High pricing to cool German investment market Commercial property investment in Germany last year fell just shy of 2007’s record. However, the headline number was inflated by rising capital values and a shift towards larger deals. We think the... 29th March 2018 · 1 min read
Europe Commercial Property Update Headwinds loom for Moscow office rents A tightening office market bodes well for prime rents in Moscow. But with poor demographics and unemployment already very low, the labour market will prevent a rapid pick-up in rental growth. 6th March 2018 · 1 min read
Europe Commercial Property Update Could Sweden be the canary in the coalmine? With transaction volumes having fallen sharply last year and domestic investors looking further afield for value, stretched valuations in Sweden are likely to mean that prime yields have found a floor... 28th February 2018 · 1 min read
Europe Commercial Property Update Will Berlin’s construction boom topple rental values? Strong occupier demand and higher rents have helped to lift Berlin’s office development pipeline. On its own, the current level of construction is likely to result in a sharp slowdown in rental growth... 22nd February 2018 · 1 min read
