Europe Commercial Property Update What is the outlook for German office vacancy rates? The German economy seems to be getting back onto a solid footing. However, given the normal lags between developments in the economy and the property market, changes already seen in regional labour... 22nd August 2013 · 1 min read
Europe Commercial Property Update Could falls in Brussels office yields be sustained? The last few weeks have brought increased evidence that the Brussels office market is gaining popularity with national and international investors. For now, occupier market conditions remain pretty... 19th August 2013 · 1 min read
Europe Commercial Property Update Warsaw office market rental downturn has a little further to run The latest data suggest that occupier demand in the Warsaw office market is beginning to strengthen again. But with employment in the Polish capital still low and the near-term office development... 15th August 2013 · 1 min read
Europe Commercial Property Update Returning confidence in the Italian property market premature Signs of a renaissance in Italy’s commercial property investment market appear to be heavily reliant on investors targeting distressed property. To the extent that most investors are unwilling to buy... 12th August 2013 · 1 min read
Europe Commercial Property Update Where next for euro-zone property yields? The recent improvement in euro-zone business surveys is unlikely to mark the start of a strong and broad-based economic recovery. Nevertheless, by helping to underpin sentiment, it will increase... 6th August 2013 · 1 min read
Europe Commercial Property Update When will office rents in Milan and Paris turn the corner? In contrast to most euro-zone markets, the downturn in Milan and Paris office rental values was extended in the second quarter. The comparatively high level of rents in each market, the rising trend... 30th July 2013 · 1 min read
Europe Commercial Property Update Are euro-zone retail rental values at a turning point? Agency data show that prime euro-zone retail rental value growth came to an abrupt halt in Q2. With the underlying macroeconomic drivers of retail occupier demand still poor, we think that retail... 23rd July 2013 · 1 min read
Europe Commercial Property Update Falls in Brussels office yields look unsustainable Preliminary data that show prime office yields in Brussels fell in Q2 are hard to square with the weak picture of underlying occupier demand. Given this, we would not be surprised if the fall in... 19th July 2013 · 1 min read
Europe Commercial Property Update Swiss occupier markets: what do the latest macro data tell us? Switzerland’s robust domestic economy is supporting retail occupier demand and rental values. By contrast, falling exports and slowing employment growth mean that the office and industrial occupier... 17th July 2013 · 1 min read
Europe Commercial Property Update Could the gap between yields in Prague and Warsaw narrow? Over the past five years, investors’ preference for property in Warsaw above Prague has been mirrored by yields in the Polish capital moving the lower of the two. But now that occupier market... 12th July 2013 · 1 min read
Europe Commercial Property Update German logistics capital values set to disappoint Our view that logistics property in Germany will underperform the other main commercial property sectors over the coming years is underpinned by the fact that, in both an international and historic... 9th July 2013 · 1 min read
Europe Commercial Property Update Russian property: is the best now behind us? The structural slowdown in Russian economic growth suggests that commercial property rents will enter a lower growth phase. This is a concern given that sustained, decent rates of rental growth are... 5th July 2013 · 1 min read
Europe Commercial Property Update Ireland – a false dawn for property? News that the Irish economy is back in recession is a reminder that Dublin’s property market still faces significant headwinds. Indeed, all-property capital values in Dublin could yet suffer another... 2nd July 2013 · 1 min read
Europe Commercial Property Update Which markets are most at risk from the rise in bond yields? The recent rise in bond yields is unlikely to feed automatically into higher European property yields. But to the extent that it increases concerns about the growth outlook and debt burdens, the... 26th June 2013 · 1 min read
Europe Commercial Property Update French logistics market to hold up better than office or retail The post-credit crunch underperformance by logistics capital values in France relative to the office and retail sectors may leave scope for a period of outperformance. Yet this morning’s business... 25th June 2013 · 1 min read
Europe Commercial Property Update Is it possible that Spanish property is now a good bet? Improvements in Spanish economic sentiment suggest that the recession has eased in the second quarter. Given that there is plenty of headroom for Spanish office and industrial capital values to rise... 20th June 2013 · 1 min read
