UK Commercial Property Update What are the prospects for distribution warehouses? Distribution warehouse rents have not picked up as quickly over the past year or so as we thought they would. But output in the distributive trade sector of the economy is growing strongly and tenant... 11th April 2014 · 1 min read
UK Commercial Property Update How might reshoring affect commercial property? Offshoring in the services sector hasn’t obviously undermined office demand or rents and so it is difficult to see any benefits now from a reverse process of reshoring. But the positive impact for... 8th April 2014 · 1 min read
UK Commercial Property Update Survey evidence continues to bode well for 2014 The latest Colliers/Real Estate Capital (REC) survey confirms that the strong recovery in non-prime property segments has continued in the first few months of 2014. It also highlighted some concerns... 1st April 2014 · 1 min read
UK Commercial Property Update How will the fall in inflation impact retail property? February’s drop in CPI inflation does nothing to reduce the overhang of vacant retail space or the challenges of meeting consumers’ changing shopping habits. But it does bring the end of the squeeze... 26th March 2014 · 1 min read
UK Commercial Property Update Is the South East office market overheating? It is tempting to view the recent spike in capital values in the South East office market as a sign of overheating. Yet the gains to date seem consistent with rapidly improving occupier market... 20th March 2014 · 1 min read
UK Commercial Property Update Has London property lost its appeal? London’s share of commercial property transactions slumped to a four-year low in Q4 last year. But rather than a sign of problems in the London market, which in fact remains buoyant, the data serve to... 10th March 2014 · 1 min read
UK Commercial Property Update Has the retail occupier market turned for the better? Anecdotal evidence suggests that, in general, the worst has passed for retail occupier markets. This is yet to become absolutely apparent in the IPD data, but at least more segments are now recording... 19th February 2014 · 1 min read
UK Commercial Property Update What would an early rate rise mean for property? Our view is that Bank Rate is on hold until late next year. But even if that is wrong and the monetary policy tightening cycle begins this year, market interest rates and the health of the economy... 13th February 2014 · 1 min read
UK Commercial Property Update Industrial rents on course for a strong rise this year Recent data suggest that occupier demand for industrial property is recovering at least as strongly and widely as for the other sectors. Although there are signs that developers are already planning a... 5th February 2014 · 1 min read
UK Commercial Property Update Survey may overstate the outlook for London office rents The tone of the latest CBI/PwC Financial Services survey was very positive and bodes well for the Central London office market in 2014. Although strong supply growth will tend to be a restraint on... 20th January 2014 · 1 min read
UK Commercial Property Update Return of institutions to the investment market is a good sign Commercial property transactions activity was strong in 2013 but, rather than the headline deals total, we think that the return of UK-based institutions to the investment market was more noteworthy... 16th January 2014 · 1 min read
UK Commercial Property Update Are our above-consensus rental forecasts too downbeat? Our expectations for GDP growth this year have been revised up and are well above consensus. However, our expectations for commercial property rental growth over 2014-15 (an average of more than 2.5%y... 13th January 2014 · 1 min read
UK Commercial Property Update What are the Lloyds surveys telling us about property prospects? The short history of the Lloyds commercial property confidence survey tends to limit its usefulness as a guide for the physical market. Even so, the latest results were positive and, combined with... 7th January 2014 · 1 min read
UK Commercial Property Update Tech firms' importance to London is still increasing Although the technology, media & telecommunications sector is just one component of demand for London office space, its growth remains strong. Indeed, London now has more jobs in these “digital”... 12th December 2013 · 1 min read
UK Commercial Property Update What might the FLS changes mean for commercial property? The re-focussing of the Funding for Lending Scheme (FLS) away from mortgage lending and onto businesses, and in particular small to medium-sized enterprises, can only be a positive change for the... 11th December 2013 · 1 min read
UK Commercial Property Update Are the prospects for distribution warehouses still positive? Recent yield shifts suggest that investors may have more confidence in the prospects for standard industrial rents than distribution warehouses. To us, the reverse is still more likely and... 4th December 2013 · 1 min read
