UK Commercial Property Should investors be worried about higher inflation? Recent strong inflation data have heightened concerns about global price pressures. At present, we think there will be limited impact on short-term property performance. Further out though, higher... 16th June 2021 · 3 mins read
UK Commercial Property Update Economic tailwinds not enough for a retail revival Upbeat economic data suggest that consumers have been flocking back to the shops since the reopening of non-essential retail in April. But this is probably not enough to turn around the fortunes of a... 14th June 2021 · 3 mins read
Europe Commercial Property Update Are green commercial leases the future? With emission targets needing to be met by 2030, the race is on for the real estate sector to decarbonise. By forcing tenants and landlords to share the risks, benefits and costs of environmental... 10th June 2021 · 4 mins read
UK Commercial Property Update Can urban logistics fill the void in cities? The acceleration of structural shifts is likely to result in some conversion of retail and to a lesser extent office space to urban logistics use. However, we think these conversions will be... 9th June 2021 · 3 mins read
UK Commercial Property Update Homeworking brings more pain for city retail Retail has been the hardest hit of the major sectors during the pandemic, though hope is returning with the re-opening of economies. But new challenges are emerging. In particular, we think that more... 18th May 2021 · 3 mins read
Europe Commercial Property In which cities will WFH have a larger impact? More working from home will inevitably change cities as we know them. However, cities are more than just workers. This means that cities where a higher share of jobs can be done remotely are not... 5th May 2021 · 4 mins read
UK Commercial Property Update Slow but steady recovery for investment activity After a 20% y/y fall in 2020, we think the economic recovery in H2 and some pent-up demand will support an improvement in investment activity this year. Though we estimate that totals will rise by 25%... 30th April 2021 · 3 mins read
UK Commercial Property Update Limited recovery in property lending this year Although last year probably marked a low point for lending towards commercial property, we expect the recovery will be subdued this year. After all, lenders have indicated that the availability of... 23rd April 2021 · 3 mins read
UK Commercial Property Update Limited risk to industrial rents from development At face value, news of a marked rise in industrial completions this year should imply that rents may come under pressure soon. However, we expect strong occupier demand and the limited amount of... 14th April 2021 · 3 mins read
UK Housing Is build-to-rent investment about to take off? While investment in build-to-rent developments has been notably resilient over the past year, we continue to think that the growth of the sector will be slow for two reasons. First, high house prices... 7th April 2021 · 3 mins read
UK Commercial Property Update Retail parks best of a bad bunch (but not for long) Though retail warehouse rents saw their largest ever annual fall in 2020, this drop was not as deep as in other retail sub-sectors. Looking ahead, while a higher level of remote working than before... 1st April 2021 · 3 mins read
UK Commercial Property Update Rising vacancy brings downgrade London office view With office occupiers cutting space requirements, London office vacancy has climbed sharply. Our estimates suggest that vacancy is likely to rise even further over the next year or so and we have... 26th March 2021 · 3 mins read
Europe Commercial Property Are data centres a viable alternative? Thanks to changing consumption patterns and structural and cyclical knocks to the traditional property sectors, both occupier and investor demand for data centres set new records last year. But, while... 19th March 2021 · 3 mins read
UK Commercial Property Update Another tough year ahead for Central London retail Despite the lockdown, a recent pick-up in footfall suggests that people are returning to the capital, which, if it continues as non-essential stores re-open, would be welcome news for London’s hard... 10th March 2021 · 3 mins read
UK Commercial Property Update Limited impact of bond yield rises on UK property We think the recent jump in bond yields will not continue and, though we think that they are unlikely to drop back to their previous lows, supportive valuations against bonds will limit upward... 8th March 2021 · 3 mins read
Europe Commercial Property Update The long view of property In light of our latest long-term economic and financial market forecasts, we have revisited our views for commercial property performance over the next three decades. We think that average returns... 1st March 2021 · 3 mins read
