UK Commercial Property Update South East offices at the forefront of the secondary recovery There were signs in IPD’s Q3 data that the recovery in secondary capital values has begun, albeit slow and not universal. Amongst the bright spots was the South East office market and, with rents now... 20th November 2013 · 1 min read
UK Commercial Property Update Lease-related data not as bad as they might seem Recent industry figures show that new lease lengths ticked down again in 2012. Of course, shorter leases are nothing new. Moreover, and contrary to the tone of some commentary, growing numbers of... 13th November 2013 · 1 min read
UK Commercial Property Update Restricted lending environment won't derail capital value rebound Banks and building societies continue to shrink their commercial property loan books and the signs are that this process still has further to run. Admittedly, there may now be scope for the... 16th October 2013 · 1 min read
UK Commercial Property Update Transactions data add to positive news flow Transactions-based yields have fallen pretty sharply in recent months and, rather than technicalities to do with shifts in the mix of properties being traded, this is another sign of a genuine... 15th October 2013 · 1 min read
UK Commercial Property Update More evidence that rental gains will spread beyond London offices We suspect that the drop in financial services sector output indicated by the latest CBI/PwC survey was simply a seasonal lull and that Central London office rents will continue to grow. Moreover... 7th October 2013 · 1 min read
UK Commercial Property Update Hotel returns should remain solid but not stellar Inbound tourism volumes continue to drift upwards and many UK residents are seemingly still content to save money and take a domestic holiday rather than go abroad. This should help hotel capital... 25th September 2013 · 1 min read
UK Commercial Property Update Is the end in sight for the Central London shop boom? With yields already at low levels, the pace of Central London shop capital value growth is likely to slow over the next year or so. But with rents looking well-supported, falls in capital values in... 19th September 2013 · 1 min read
UK Commercial Property Update The prospects for Central London office rents have improved The Central London office market clearly still has a significant degree of momentum and we have revised up our rental growth forecasts by two or three percentage points each year for 2013 to 2015. 12th September 2013 · 1 min read
UK Commercial Property Update How quickly will faster economic growth feed into rental values? We recently revised up our GDP forecasts for both this year and next. Although it is tempting to conclude that commercial property occupier demand and rental values will be correspondingly stronger... 28th August 2013 · 1 min read
UK Commercial Property Update Jobs pick-up in Scotland and North West a better sign for rents The pace of employment growth has slowed in several regions over the past few months but picked up in Scotland and the North West. Other factors such as existing vacancy rates are obviously relevant... 21st August 2013 · 1 min read
UK Commercial Property Update Deals data: a reminder that property outlook has some clouds Despite anecdotal evidence that the regions are coming back into focus, the latest commercial property transactions data suggest that London continues to take most of investors’ attention. Without... 15th August 2013 · 1 min read
UK Commercial Property Update Low corporate bond yield spreads a sign of sturdy tenant base Corporate bond yield spreads are currently pretty low in an historical context and suggest that there are few fears about the viability of UK firms. At the margin, this is another reason to think that... 9th August 2013 · 1 min read
UK Commercial Property Update Could all-retail rents begin to rise this year? The continued improvement in consumer-related economic indicators clearly bodes well for retail property rents, with the recent lack of new development raising the scope for hotspots to emerge outside... 6th August 2013 · 1 min read
UK Commercial Property Update Pick-up in distribution warehouse rents unlikely to be far away Given recent outperformance by consumer-related sectors of the economy, it is little surprise that distribution warehouse property has also fared relatively well. Granted, rents in the sector are yet... 18th July 2013 · 1 min read
UK Commercial Property Update Leisure property remains on track to outperform To us, the prospects for consumer spending on leisure services remain pretty good and anecdotal evidence certainly suggests that institutional buyers are increasingly targeting leisure property. We... 15th July 2013 · 1 min read
UK Commercial Property Update Prospects for South East offices still look relatively good One “big call” that has been part of our forecasts for some time now is that South East offices will be amongst the best performing segments over the next year or two. To be fair, rents and capital... 10th July 2013 · 1 min read
