UK Commercial Property Update How good are the prospects for hotel returns? The underlying operational performance of hotels is improving across the UK and this should keep investors interested in the sector. But yields are not obviously too high or too low, and domestic... 29th August 2014 · 1 min read
UK Commercial Property Update Industrial rental growth is still a long way from its peak Industrial rental value growth is already running at a faster pace than at the peak of the 2004-08 upswing. But given a favourable demand and supply balance, as well as the comparatively low level of... 26th August 2014 · 1 min read
UK Commercial Property Update Shopping centres: is investor demand at odds with rental patterns? Rental values for modern, large and regionally-dominant shopping centres have begun to recover, providing justification for the recent strength of investor demand for these properties. But even for... 20th August 2014 · 1 min read
UK Commercial Property Update The outlook for non-prime regional office returns is strong Non-prime property yields fell by more than prime in every sector in Q2, but the biggest movers were regional office markets. Even after the recent sharp falls, however, yields for lower quality Rest... 13th August 2014 · 1 min read
UK Commercial Property Update What lies ahead for capital values in H2? The balance of probability suggests that the 1.6%m/m rise in IPD all-property capital values in June will not be matched in the second half of the year. Even so, the annual growth rate is set to... 15th July 2014 · 1 min read
UK Commercial Property Update Income security measure points to drop in property risk premium The gap between reversionary potential and over-renting on existing leases is rising and this simple measure of income security suggests that risk premiums and property yields have further to fall. 10th July 2014 · 1 min read
UK Commercial Property Update Retail warehouse rents are poised to recover, but slowly The revival of housing market activity is likely to resume in the second half of the year and this shouldhelp to stimulate the retail warehouse occupier market. But given signs that rent-free periods... 8th July 2014 · 1 min read
UK Commercial Property Update Banking headcounts dip, but London office rents will grow further The tone of the latest CBI/PwC Financial Services survey was more circumspect than over the past six to 12 months, but the results were still encouraging for Central London office occupier markets... 30th June 2014 · 1 min read
UK Commercial Property Update Subdued deals data are, perversely, a positive sign The value of commercial property deals completed in the past few months has been a little subdued. But rather than pointing to a market that is losing momentum, this is simply a natural consequence of... 17th June 2014 · 1 min read
UK Commercial Property Update Bond market mini-rally unlikely to boost commercial property The recent falls in government bond yields seem to reflect growing expectations that when interest rates start to rise they will not return to the levels seen prior to the financial crisis. Yet... 10th June 2014 · 1 min read
UK Commercial Property Update IPF Consensus Forecasts (Q2) The latest IPF Consensus survey envisages that commercial property rents and capital values will grow steadily over the next two to three years. But some forecasters seem to be growing more concerned... 30th May 2014 · 1 min read
UK Commercial Property Update De Montfort survey confirms improvement in credit conditions The latest De Montfort University (DMU) survey reports that lenders have now largely dealt with their legacy debt issues and that credit is becoming more widely available. However, the survey also... 27th May 2014 · 1 min read
UK Commercial Property Update Are occupier conditions in the North catching up with the South? As the economic recovery broadens, we think that the commercial property market will follow suit. But while some indicators suggest that activity and confidence in the Midlands and the North are... 23rd May 2014 · 1 min read
UK Commercial Property Update Net selling by overseas investors not a major cause for concern A recent modest sell-off by overseas investors in UK commercial property may well prove to be a blip. But even if it does signal the start of a new weaker trend, demand from UK-based investing... 14th May 2014 · 1 min read
UK Commercial Property Update Rising supply is no short-term threat to rents The latest RICS survey painted a picture of increasingly robust occupier demand for commercial property in all sectors, with industrial faring particularly well. To be fair, the survey also showed... 7th May 2014 · 1 min read
UK Commercial Property Update The shopping centre outlook is improving Given the overhangs of empty space, we don’t think shopping centre rents are about to surge. But occupier market conditions are nevertheless improving and investor demand for shopping centres has... 17th April 2014 · 1 min read
