US Commercial Property Update Shout it from the rooftops, CRE pricing has troughed It is increasingly clear to us that pricing in all three regions we forecast has bottomed, even if appraisals are yet to reflect that in mainland Europe and the US. And although we expect recent... 14th November 2024 · 4 mins read
UK Commercial Property Update Has the Budget derailed the CRE recovery? We doubt the sell-off in gilts following the Budget will gather momentum and cause another step down in commercial property values. However, given the current narrow spread between risk-free interest... 31st October 2024 · 3 mins read
UK Commercial Property Update RICS survey highlights uneven nature of recovery The Q3 RICS commercial survey painted a somewhat mixed picture of the market. There was a slight improvement in investment and capital value expectations, but rental expectations were revised down... 31st October 2024 · 3 mins read
Event CRE Drop-In: The residential outlook – Europe vs the US and the case for outperformance 1731423600 Residential’s growing share of investor portfolios speaks to the buzz around its potential to keep providing outsized returns. But will residential continue to deliver?
UK Commercial Property Update Are we underestimating the capital value recovery? The strong recovery in property equities prices across the UK, euro-zone and US implies larger rises in commercial property capital values by the end of the year than we are currently forecasting... 22nd October 2024 · 3 mins read
UK Commercial Property Update All signs point to capital value recovery Surveys of banks, developers and surveyors all point to a recovery in capital values over the next few months. As does the behaviour of investors. The strength of that recovery is more uncertain, with... 16th October 2024 · 4 mins read
UK Commercial Property Update Retail ‘flight to quality’ limited to shopping centres In contrast to offices, there is less evidence of a ‘flight to quality’ in the overall retail sector. Shopping centres are the exception, where the spread between both prime and non-prime yields, and... 10th October 2024 · 4 mins read
US Commercial Property Update What could a Trump win mean for commercial real estate? On the back of client questions, we have put together this short primer on the potential impact of a second Trump term on commercial real estate markets, both in the US and elsewhere. The key takeaway... 7th October 2024 · 4 mins read
UK Commercial Property Update Leisure to struggle as high earners’ incomes squeezed The leisure sector is yet to show signs of recovery from the cost-of-living crisis, in part because still-cautious households are prioritising buying goods rather than expensive leisure services. But... 26th September 2024 · 3 mins read
UK Commercial Property Update Will remote work go into reverse? We doubt the announcement by Amazon that it is requiring office-based workers to return full-time marks the start of a reversal in the remote work share. It is far from clear that requiring five days... 18th September 2024 · 4 mins read
UK Commercial Property Update Should institutions be worried about Renters’ Rights? By making life harder for unscrupulous landlords, the Renters’ Rights Bill may help drive tenant demand toward institutional landlords who are already complying with most aspects of the proposed... 13th September 2024 · 3 mins read
UK Commercial Property Update Why we are more optimistic on rental growth Our rental growth forecasts for the industrial and retail sectors are notably above the consensus, particularly over the next couple of years. That primarily reflects our relatively optimistic... 10th September 2024 · 3 mins read
UK Commercial Property Update IPF Consensus Forecasts (Sep 24.) The latest IPF Consensus Survey showed forecasters are finally coming around to our long-held view that retail will preform relatively well over the next five years. Total returns for all the retail... 6th September 2024 · 3 mins read
UK Commercial Property Update Is the City of London bouncing back? City offices have underperformed their West End neighbours by a wide margin since 2022. More encouraging recent data have led us to revise up our City rental projections, but we still expect stronger... 28th August 2024 · 3 mins read
UK Commercial Property Update Retail investment will continue to lead the recovery Commercial property investment is on track to hit our forecast for a rise of 20% this year, helped by a substantial rise in retail transactions. A decent rental growth outlook coupled with attractive... 14th August 2024 · 3 mins read
US Commercial Property Update Investment recovering, but not without risks While the UK led the recovery in investment activity in Q4 last year, the latest data suggest the US and euro-zone are now also turning a corner. But given concerns over economic growth in all three... 6th August 2024 · 4 mins read
