Europe Commercial Property Update Are we too gloomy on the outlook for Spanish retail rents? Weak prospects for Spain’s consumer sector suggest that retail occupier demand will deteriorate before the end of this year. That together with a development pipeline which is still growing makes us... 9th October 2012 · 1 min read
Europe Commercial Property Update Just how weak are Greek property markets? Details surrounding last week’s privatisation deal involving the International Broadcasting Centre in Athens suggest that the Greek commercial property market may be even weaker than agency figures... 3rd October 2012 · 1 min read
Europe Commercial Property Update Is Warsaw's office market facing a period of excess supply? Agency estimates of a huge development pipeline seem to suggest that Warsaw’s office market faces a period of excess supply. After all, economic sentiment in Poland is deteriorating, and occupier... 1st October 2012 · 1 min read
Europe Commercial Property Update Cheap relative rents driving Frankfurt retail occupier appeal Recent evidence shows that the Frankfurt retail market is seeing very strong occupier demand. But this demand seems to be driven more by the low level of Frankfurt retail rents relative to the... 27th September 2012 · 1 min read
Europe Commercial Property Update Amsterdam headline office rents still insulated by incentives Increased use of rental incentives seems to have had a powerful dampening effect on the response of headline office rents in Amsterdam to swings – both up and down – in the vacancy rate. The... 25th September 2012 · 1 min read
Europe Commercial Property Update What is the outlook for Istanbul retail rents? Reports that retail rents in Istanbul have fallen by about 6% over the past year seem consistent with the sharp slowdown in consumer spending and the large boost to supply last year. But if we are... 19th September 2012 · 1 min read
Europe Commercial Property Update Will office take-up continue to rise in Amsterdam and Brussels? The sharp rise in office take-up seen over the past six months in both Amsterdam and Brussels is unlikely to be sustained over the next 15 months or so. In fact, we think that take-up will fall as... 14th September 2012 · 1 min read
Europe Commercial Property Update Will Prague retail rents continue to rise? The rise in Prague retail rents seen over the past year or so is unlikely to be sustained over the next 18 months. But even though we think the consumer spending outlook will remain weak, the... 12th September 2012 · 1 min read
Europe Commercial Property Update Still room for Budapest office yields to underperform We see no reason to expect the wide spread that has emerged between prime office yields in Budapest and those in Prague and Warsaw to narrow anytime soon. Instead, Hungary’s relatively weak economic... 6th September 2012 · 1 min read
Europe Commercial Property Update Has the outlook for Russian property returns worsened? Recent signs of an economic slowdown have been in line with our expectations. Thus we feel little need to revise our relatively positive Russian commercial property forecasts. However, the gloomy... 5th September 2012 · 1 min read
Europe Commercial Property Update Will Danish industrial property continue to underperform? Industrial property in Copenhagen is unlikely to buck the general trend of falling capital values in European markets. But over the next 18 months, and in contrast to the past five years, those falls... 31st August 2012 · 1 min read
Europe Commercial Property Update What is the outlook for Dutch retail property? The weakness of indicators of consumer activity in the Netherlands suggests that the recent pause in retail rental value growth is unlikely to be a one-off. Even so, the outlook for Dutch retail... 21st August 2012 · 1 min read
Europe Commercial Property Update Where will Spanish and Italian property yields peak? Reports that investor interest in Spanish and Italian property has slumped in recent months seem consistent with our view that from current levels, property yields in both markets will see above... 14th August 2012 · 1 min read
Europe Commercial Property Update Are low retail property yields in Brussels justified? At around 4.5%, Brussels retail yields are back very close to the lows recorded in late 2007 and early 2008. On this basis, only in Vienna and some German cities does retail property look more... 2nd August 2012 · 1 min read
Europe Commercial Property Update Can upward momentum in Moscow office rents reignite? After a strong upturn in 2010 and most of 2011, office rents in Moscow have stabilised. Given that the economy is likely to slow and that the vacancy rate amongst the capital’s existing office stock... 31st July 2012 · 1 min read
Europe Commercial Property Update Industrial rent outlook is weakest in Hungary and Czech Republic Exports to the troubled, peripheral euro-zone economies account for a relatively high share of GDP in both Hungary and the Czech Republic. And the open nature of both economies also leaves them... 26th July 2012 · 1 min read