Europe Commercial Property Update High income returns positive for Brussels offices A positive economic outlook for Belgium and a shortage of available Grade A stock bode well for office rents in Brussels. Foreign investors, in particular, are increasing exposure to the market as it... 11th July 2018 · 1 min read
Europe Commercial Property Update Signs point to slower Dublin industrial rental growth Prime industrial rents in Dublin jumped by close to 5% in Q1, driven by strong demand. But with Ireland’s economy cooling, and the prospect of increased speculative development, the easing in the rate... 5th July 2018 · 1 min read
Europe Commercial Property Update Healthy outlook for returns supports case for Denmark Record investment activity in Denmark underscores the positive outlook for returns in Copenhagen, especially in the industrial sector, which we expect to be the best-performing market in Western... 4th July 2018 · 1 min read
Europe Commercial Property Update What can we learn from US property? As rising US Treasury yields have squeezed US property’s yield gap over the risk-free rate, investment volumes have dropped back and core office yields are rising. While Europe is lagging the US... 29th June 2018 · 1 min read
Europe Commercial Property Update Will a stronger Swiss economy boost rental prospects? The Swiss economy is forecast to put in a fairly decent performance over the next couple of years. But with strong office development pipelines, and already high retail rents, we think that the... 28th June 2018 · 1 min read
Europe Commercial Property Update Are Madrid offices still a good bet? Although prime office yields in Madrid have been flat for the past year, pricing doesn’t appear to be obviously stretched. And while capital value growth is largely done, good rental growth prospects... 22nd June 2018 · 1 min read
Europe Commercial Property Update Why are we so bullish on Nordic office rents? Over the last decade, Helsinki, Oslo and Stockholm have experienced a reduction in floorspace per employee. As a result, firms have been able to pay higher prime rents than previously. We think that... 15th June 2018 · 1 min read
Europe Commercial Property Update What might cause property yields to rise sharply? In the absence of a sharp surge in euro-zone inflation, a fresh recession or protracted stagnation, or a major escalation of current political tensions, property yields are more likely to drift slowly... 30th May 2018 · 1 min read
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
