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
Europe Commercial Property Update Can the rise in Lisbon office rents continue? Last year, prime office rents in Lisbon recorded their strongest gain since the financial crisis. While occupier conditions are set to stay landlord friendly, slower employment growth and higher... 15th February 2018 · 1 min read
Europe Commercial Property Update Calling time on the recovery in Dublin office rents The last five years have seen prime office rents in Dublin fully recover from their post-crisis lows. But we now think that a lower natural rate of vacancy and growing pipeline will see rents start to... 6th February 2018 · 1 min read
Europe Commercial Property Update Barcelona office rents defy political uncertainty The political crisis in Catalonia has not prevented prime office rents in Barcelona from rising in Q4. We see prime rents rising again in both Barcelona and Madrid this year and next, though the... 1st February 2018 · 1 min read
Europe Commercial Property Update RICS survey points to sentiment softening The latest RICS global commercial property monitor for Q4 2017 indicates that there has been no significant change to the upbeat mood across European markets compared to Q3. This is perhaps not too... 29th January 2018 · 1 min read
Europe Commercial Property Update A sweet spot for Italian retail rents The combination of strong consumer spending growth and rising tourism appears to have been behind the sharp rise in prime retail rents in Milan and Rome last year. With these conditions set to... 25th January 2018 · 1 min read
Europe Commercial Property Update Has Mainland Europe investment activity peaked? Following another record year for commercial property investment in continental Europe in 2017, we expect investment activity to fall back this year. What’s more, with high interest rates and slower... 22nd January 2018 · 1 min read
Europe Commercial Property Update Conditions ripe for uplift in German industrial rents Industrial take-up in the four main German cities continues to rise. Yet prime rents in Berlin, Frankfurt, Hamburg and Munich have been largely unchanged for 18 months. Even so, with occupier... 12th January 2018 · 1 min read
Europe Commercial Property Update European property looks increasingly late-cycle Reduced capital raising totals for the second consecutive year and a decrease in the proportion of funds meeting their fund-raising targets hint at pricing concerns amongst investors. 10th January 2018 · 1 min read
