UK Commercial Property Update Retail pain will be reflected in sharp rental falls The rapid spread of coronavirus over the last month has dealt another body blow to UK retail. We expected the sector to see rental falls pre-COVID, but these could now be closer to 10% in 2020... 3rd April 2020 · 3 mins read
UK Commercial Property Update Is co-working a further risk to the office sector? While COVID-19 will hit co-working hard, given the relative size of this subsector, we don’t think it will be large enough to impact rents in the overall office sector. 2nd April 2020 · 3 mins read
UK Commercial Property Update What do equity price falls imply for European property? The past relationship suggests that the recent 10% to 50% fall in real estate equity prices provide an indication of the direction values will move in the direct market, but not the likely extent of... 1st April 2020 · 3 mins read
Europe Commercial Property Update Property is the victim not the villain this time Property has generally been at the centre of the most severe economic downturns in recent decades. But this time it is different. Although we think the commercial market is likely to experience a... 26th March 2020 · 5 mins read
UK Commercial Property Update Capital values to fall 10% in COVID-19 disruption Our latest UK economic downgrades mean that it is now inevitable that there will be a big hit to commercial property values, which we expect to fall by around 10% this year. And while conditions are... 20th March 2020 · 3 mins read
UK Commercial Property Update Rest of South East industrial rents to outperform In recent years, industrial rental growth for Rest of South East has exceeded growth in Rest of UK. We think that this has been driven by land constraints and changing occupier demand patterns, which... 16th March 2020 · 3 mins read
UK Commercial Property Update Business rates relief won’t ease retail sector woes The suspension of business rates for many retail, leisure and hospitality firms announced in the Budget is welcome, but unlikely to provide much relief to the retail sector. Indeed, the coronavirus... 13th March 2020 · 3 mins read
UK Commercial Property Update Are lower interest rates good news for UK property? Coronavirus-related market trauma has not only caused a correction in equity and oil prices, but also pushed UK bond yields to new lows. This has created the potential for lower property yields, but... 11th March 2020 · 3 mins read
Europe Commercial Property Update What does COVID-19 mean for commercial real estate? The recent market meltdown reflects concerns about the economic impact of the COVID-19 virus. This will inevitably hit commercial property, but in our view, the downside is likely to be relatively... 6th March 2020 · 5 mins read
UK Commercial Property Update Growing upside to City office rents The latest MSCI data confirmed the gloom in UK commercial property showed no signs of abating during Q4 2019. But one of the few surprises was that City offices did better than expected, mirroring a... 14th February 2020 · 3 mins read
UK Commercial Property Update How might coronavirus impact European high streets? 4th February 2020 · 3 mins read
UK Commercial Property Update Signs of growing preference for European real estate Although the share of global capital raised by European-focused funds has reduced in the last couple of years, there are indications that investors are starting to view real estate in Europe as... 20th January 2020 · 3 mins read
UK Commercial Property Update Limited upside to development this year Against a weak outlook for both commercial property returns and the UK economy, any upside for development remains limited in 2020. 17th January 2020 · 3 mins read
UK Commercial Property Update Five key questions for commercial property in 2020 There is no denying that last year was a disappointing one for commercial property, with returns likely to be at a decade low. While we do expect some improvement this year, we believe that the... 10th January 2020 · 4 mins read
UK Commercial Property Update UK property returns better, but still likely to disappoint Following relatively weak all-property returns last year, we expect that 2020 will see an improvement as the retail downturn bottoms out later in the year. Despite this, even a positive return of... 9th January 2020 · 3 mins read