UK Commercial Property Update Notes from our residential investment roundtables At our recent roundtable we shared our view that strong rental prospects mean residential property is likely to outperform other commercial property sectors over the next five years. Across the... 17th May 2024 · 4 mins read
Global Economics Update What the latest US tariffs mean for the global economy We held an online Drop-In session today to discuss the Biden administration’s new tariffs on goods from China. This Update answers several of the questions that we received about the direct effects of... 15th May 2024 · 6 mins read
UK Commercial Property Update Hotel demand to recover as cost-of-living crisis abates Spending on hotels and overseas visits to the UK are still not back to their pre-COVID-19 levels. But with cost-of-living pressures set to ease around the world and consumer spending likely to outpace... 15th May 2024 · 3 mins read
US Commercial Property Update Share of remote work key to global office performance The wide divergence in global office market performance to-date has been driven by significant differences in the return to office and the impact that has had on occupiers’ leasing decisions. US... 29th April 2024 · 5 mins read
UK Commercial Property Update Residential rental growth to outperform The Q1 RICS commercial survey provided further evidence that occupier demand has turned the corner, with demand ticking up in the industrial and office sectors. But with availability still elevated... 25th April 2024 · 3 mins read
UK Commercial Property Update Multifamily rents set to outperform New more granular MSCI data shows that the outperformance of residential property over the past decade was primarily down to student housing. Indeed, only in the past couple of years have multifamily... 22nd April 2024 · 3 mins read
UK Commercial Property Update Will the investment recovery be delayed? After a positive end to 2023 commercial property investment has since lost momentum, not helped by a rebound in interest rates. But we still think interest rates will fall back this year and, while... 12th April 2024 · 3 mins read
UK Commercial Property Update The economic outlook and industrial rents The drivers of industrial rental growth were turned on their head during the pandemic, but we expect the pre-COVID-19 relationships will soon be reestablished. That points to consumer spending as an... 26th March 2024 · 3 mins read
UK Commercial Property Update Online share developments not all bad news The online share of retail sales is still above its pre-pandemic trend, but a closer look suggests that is perhaps not as bad for the retail sector as it looks. For example, the share of online... 13th March 2024 · 4 mins read
UK Commercial Property Update IPF Consensus Forecasts (Mar. 24.) The latest IPF Consensus Survey shows that forecasters have upwardly revised their 2024 expectations, which are now more in line with our view. Stronger rental growth help drive that improvement and... 8th March 2024 · 3 mins read
UK Commercial Property Update Green premium helps drive refurbishment boom The latest crane survey reported the highest volume of London office starts on record. In part that reflects a refurbishment boom as developers retrofit their buildings to meet MEES standards and... 28th February 2024 · 3 mins read
UK Housing Market Update The Times: Why 99 per cent mortgages will make the housing crisis worse A version of this report was originally published as an opinion piece in The Times on 28th February 2024. 28th February 2024 · 4 mins read
Europe Commercial Property Update Answering questions from our debt distress Drop-In This week we held a Drop-In on commercial property distress across the US, UK and Europe. Clients can access a recording here and find related analysis on our dedicated landing page. This Update... 16th February 2024 · 3 mins read
UK Commercial Property Update Will commercial property distress spread to the UK? Distress in the US commercial property market is once again in the news, but the risk of that spreading to the UK is low. The rise in aggregate loan-to-value ratios to date looks manageable and with... 6th February 2024 · 4 mins read
UK Commercial Property Update RICS Commercial Property Market Survey (Q4 2023) Having deteriorated for the best part of 2023, sentiment over all-property occupier demand and rents improved in Q4. However, the balances remain negative, pointing to subdued demand and rental growth... 25th January 2024 · 3 mins read
UK Commercial Property Update Are capital values close to bottoming out? Prices of commercial real estate equities suggest capital values will see a strong recovery in the first few months of 2024. But with no prospect of yield compression and rental growth set to slow, we... 19th January 2024 · 3 mins read
