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
UK Commercial Property Update Recent bond yield rises might not be as bad for property as they seem The recent bond market sell-off is unlikely to trigger a commercial property triple-dip. But it may take the heat out of London and other prime segments, while also acting as a catalyst for increased... 27th June 2013 · 1 min read
UK Commercial Property Update Capital values at a turning point? The IPD data for May appear to show that commercial property values have turned the corner. With both economic sentiment and the hard economic activity data now delivering more positive than negative... 18th June 2013 · 1 min read
UK Commercial Property Update Big Six office markets: Birmingham and Glasgow still set to lag The latest FBS jobs data support our view that Manchester will be amongst the best performing Big Six (non-London) office markets this year, as it was in 2012. But given high vacancy rates and soft... 13th June 2013 · 1 min read
UK Commercial Property Update The better signs continue Over the past week or so the signs that commercial property investor confidence has picked up have continued to emerge. Any upturn in capital values is unlikely to be large or sustained until a... 20th May 2013 · 1 min read
UK Commercial Property Update Spotting a turning point: look for a fall in average deal values We sense that property investors are poised for an upturn but not yet confident enough to become fully active again. One thing we will be watching for as a sign that a turning point has been reached... 10th May 2013 · 1 min read
UK Commercial Property Update Recession avoided: has the rental outlook just got better? It is clearly good that the economy has avoided another recession. But the news will do little to accelerate the much-needed recovery in commercial property rental values outside London. On past form... 8th May 2013 · 1 min read
UK Commercial Property Update How much further will Central London office rents rise? London City and West End office rents are now some 15% to 20% above their 2009 floors and the Consensus envisages that they will record similar gains in the next five years. We are more cautious... 18th April 2013 · 1 min read
UK Commercial Property Update Industrial yield spreads across regions will widen further The gap between industrial property yields in the South East and the Rest of the UK has risen to a level that is 50% higher than its long-run average. This could be a sign that yields in the South... 9th April 2013 · 1 min read
UK Commercial Property Update Polarisation of the retail property market is still rising Today’s better-than-expected retail sales data will do little to halt the polarisation in values evident in the IPD retail sub-markets. Even if this is the start of a modest spending upturn, until the... 21st March 2013 · 1 min read