UK Commercial Property Outlook Slow and uneven revival to continue The economic recovery has lost some momentum over the summer, but we expect that this will be a temporary setback and the backdrop will be strong into the medium term. There is growing evidence of a... 25th August 2021 · 26 mins read
UK Commercial Property Outlook Property slowly turning a corner The easing of restrictions is good news for the economy, but some commercial property sectors will be slower to benefit than others. Encouragingly, the property downturn was not as bad as we... 21st May 2021 · 25 mins read
UK Commercial Property Outlook COVID-19 scarring slow to heal Effective vaccines provide a path out of the COVID-19 economic slump, but commercial property will be slow to benefit. On the bright side, the real estate downturn has been milder than expected and we... 19th February 2021 · 25 mins read
UK Commercial Property Outlook Lockdown pushes recovery into 2022 The outlook for most commercial property sectors was already fragile and this has only been dampened by the second lockdown. Although transactions are set to pick up next year, we think property... 20th November 2020 · 25 mins read
UK Commercial Property Outlook Structural change hits rental growth The near-term outlook for most commercial property sectors is poor despite the early signs of economic recovery. Although transactions are set to pick-up post-lockdown, we think property yields will... 19th August 2020 · 25 mins read
UK Commercial Property Outlook COVID crash to decimate capital values this year The coronavirus outbreak has transformed the economic outlook and is expected to hit commercial property hard. In the near term, we expect transactions, which are already slowing, to collapse and... 22nd May 2020 · 36 mins read
UK Commercial Property Outlook Returns to recover as retail emerges from slump A subdued economic outlook and continued contraction in retail are expected to weigh on all-property rents and returns this year. In the near-term, rising property yields will be the result of the... 20th February 2020 · 38 mins read
UK Commercial Property Outlook Returns to remain soft Regardless of the outcome of the election and Brexit, we expect all-property returns to be weak over coming years. Indeed, even if a deal is secured and economic growth picks up, we expect weakness in... 13th November 2019 · 25 mins read
UK Commercial Property Outlook Returns to weaken regardless of Brexit Regardless of the Brexit outcome, we expect all-property returns to be squeezed as a result of weakness in the retail sector. However, as Brexit could dramatically alter the near-term outlook for the... 15th August 2019 · 25 mins read
UK Commercial Property Outlook Higher yields in prospect across all sectors With Brexit delayed, occupier demand is likely to be soft this year and interest rates lower for longer. However, our working assumption is that a deal will be struck this year. In turn, we expect the... 10th May 2019 · 1 min read
UK Commercial Property Outlook Retail divergence to intensify Capital value growth is expected to fall across the board this year. However, outside of the retail sector, falls are expected to be modest. Nevertheless, given the solid outlook for economic growth... 8th February 2019 · 1 min read
UK Commercial Property Outlook Property markets to weather economic challenges Capital value growth is expected to turn negative next year as rental increases remain subdued and property yields inch higher. But solid economic growth, combined with expectations of a gradual... 19th November 2018 · 1 min read
UK Commercial Property Outlook Gradual rate rises will not derail property Capital value growth is slowing, but a further moderation in rental value growth along with a gradual rise in property yields means the slowdown has further to run. Nevertheless, our above-consensus... 13th August 2018 · 1 min read
UK Commercial Property Outlook Solid occupier markets to support capital values Given the prevailing level of risk-free rates, it is hard to make a compelling case that commercial property is overvalued as an asset class. Admittedly, valuations in some segments, such as offices... 11th May 2018 · 1 min read
UK Commercial Property Outlook Property will hold on to recent gains in 2018 The upswing in commercial property capital values is approaching its end. But unlike past cycles, capital values are more likely to plateau than to fall materially over the forecast horizon, at least... 9th February 2018 · 1 min read
UK Commercial Property Outlook Industrial outperformance has further to run UK commercial property looks to be on track to deliver total returns of approaching 10% this year, surpassing even our above-consensus forecasts. However, with interest rates now seemingly on a gently... 9th November 2017 · 1 min read
