Europe Commercial Property Update Dublin industrial turnaround a sign of what’s to come After trailing the rest of Europe last year, the Dublin industrial market has had a change of fortune in 2023 as rent growth continued to improve. With industrial demand set to benefit from a... 21st July 2023 · 3 mins read
US Commercial Property Update Uneasy outlook for global commercial property We have made only minor changes to our latest global forecasts which still imply that property will underperform other assets in the short to medium term. Further out, real estate returns are set to... 19th July 2023 · 3 mins read
Europe Commercial Property Update Where are out of town retail prospects brightest? Out of town retail has been among the hardest hit commercial sectors since 2020, but with considerable variation among subsectors. While a weak consumer backdrop will drag on near term rent growth... 17th July 2023 · 3 mins read
Europe Commercial Property Update Rising vacancy to drag on Brussels office rent growth After a lacklustre 2022, the Brussels prime office market has had a brighter start to 2023, as rent growth accelerated while it slowed elsewhere in the euro-zone. But with a cooling jobs market set to... 10th July 2023 · 3 mins read
Europe Commercial Property Update Pandemic impacts on physical office occupancy The pandemic-induced shift towards homeworking caused a sharp fall in physical office occupancy rates. They have since recovered significantly but remain below pre-pandemic levels. And while lower... 6th July 2023 · 3 mins read
Climate Economics Update Key questions from our Climate Drop-In We recently held a Drop-in titled “Industry’s decarbonisation challenge – From aviation to property”, which you can view on-demand here. This Update addresses some of the questions we received during... 3rd July 2023 · 7 mins read
Europe Commercial Property Update Outlook stabilises, but longer term questions remain After several disruptive quarters, we are making few changes to our near-term euro-zone real estate forecasts. Nonetheless, a higher profile for 10-year rates has led us to push back yield reductions... 23rd June 2023 · 3 mins read
Europe Commercial Property Update Swiss prime offices to trail the rest of Europe Swiss offices have already seen the second sharpest price correction across the major European markets. And with stretched valuations set to face renewed pressure from rising bond yields, we think... 23rd June 2023 · 3 mins read
Europe Commercial Property Update Will there be a reckoning for European offices? The latest MSCI data indicate that values in western European office markets have held up better since the start of the pandemic when compared with the US and UK. But given these cities face similar... 16th June 2023 · 4 mins read
Europe Commercial Property Update How have our homeworking assumptions fared? In our Focus of September 2020, we made some assumptions about how the pandemic would impact working from home in office-based sectors across Europe. Almost three years on, we look back at these to... 15th June 2023 · 4 mins read
UK Commercial Property Update Will less generous online returns help retail property? Recent economic difficulties have forced online retail to tighten their returns policies. At face value, this seems good news for retail property as it may shift demand back to stores for certain... 8th June 2023 · 3 mins read
Europe Commercial Property Update Manufacturing headwinds for German industrial rents Early 2023 data revealed that the German industrial market has slowed considerably following the exuberance of a year ago. And looking ahead the outlook is not much brighter. We were already... 5th June 2023 · 3 mins read
Europe Commercial Property Update CEE yields set to rise further In contrast to the deceleration across the rest of Europe, the rise in CEE yields in Q1 was bigger than in Q4, driven predominantly by the industrial sector. As the yield gap with the euro-zone is... 1st June 2023 · 3 mins read
Europe Commercial Property Update Consensus office rental view still looks too sanguine May’s IPF Consensus Forecasts highlighted another upgrade to short-term euro-zone office rental expectations. Our figures remain significantly weaker for 2023. From next year, our view is closer to... 17th May 2023 · 3 mins read
Europe Commercial Property Update Sweden's property credit crunch intensifies The recent downgrading of Swedish property company SBB’s credit rating to “junk” and the ensuing market fallout have highlighted financing fragilities in the Swedish property market. But, while SBB is... 11th May 2023 · 4 mins read
Europe Commercial Property Update Brighter outlook for Paris office rents Although recent data suggest that Paris offices had a slow start to the year, we think this weakness will be short-lived. Indeed, with demand prospects looking favourable and new supply set to slow... 10th May 2023 · 3 mins read
