UK Commercial Property Update Will we see an FLS-driven rise in commercial property lending? The problems of legacy loans, along with increased regulation, are both significant barriers to the Funding for Lending Scheme (FLS) boosting new commercial property lending. But there are signs that... 16th January 2013 · 1 min read
UK Commercial Property Update Do tenant departures signal a looming peak in West End office rents? Anecdotal evidence suggests that there has recently been a rise in the number of tenants deciding to migrate away from the West End office market because of high occupation costs. It is difficult to... 8th January 2013 · 1 min read
UK Commercial Property Update Weak economic outlook points to prolonged rental stagnation Rather than the direct measures announced (e.g. REIT changes), the more relevant aspect of the Autumn Statement for the commercial property sector was probably the confirmation that a strong economic... 11th December 2012 · 1 min read
UK Commercial Property Update South East offices: is an occupier market recovery underway? Over the past few months, the fledgling South East office occupier market recovery has continued. And given that this region has an above-average exposure to the technology sector of the economy... 22nd November 2012 · 1 min read
UK Commercial Property Update Better insolvencies data are encouraging for property yields The latest corporate insolvencies data were the best in more than four years and our GDP forecasts suggest that the worst may now have passed for business failures. This should help to ease investors’... 8th November 2012 · 1 min read
UK Commercial Property Update Leisure property to stay ahead of the pack It is no surprise to us that leisure has recently been one of the best performing segments of the commercial property market. And with consumer spending on recreational activities set to expand at a... 6th November 2012 · 1 min read
UK Commercial Property Update Income protection still problematic, but the worst may have passed The results from the latest IPD/Strutt & Parker Lease Events Review, including more break clauses being exercised and the tenant default rate rising, confirm that the past year has been another tough... 25th October 2012 · 1 min read
UK Commercial Property Update Newsflow continues to point to improving investor confidence At the margin, this week’s Allsop auction results and the withdrawal of RBS from the Asset Protection Scheme (APS) both support the growing sense that sentiment towards the commercial property market... 18th October 2012 · 1 min read
UK Commercial Property Update Is an industrial occupier market recovery underway? It is increasingly clear that certain types and grades of industrial property, e.g. prime distribution warehouses, are experiencing the early stages of an occupier market recovery. Given the weak... 17th October 2012 · 1 min read
UK Commercial Property Update Do not dismiss positive message from real estate equities We doubt that any recovery in IPD all-property capital values will come quite as soon or be quite as strong as is currently indicated by real estate equity prices. But, equally, we would not be... 9th October 2012 · 1 min read
UK Commercial Property Update Survey highlights downside risks to London office rents in 2013 On past form, the weakness of today’s CBI/PwC Financial Services Survey suggests that, over the next nine to 12 months, Central London office rental values could fall by as much as 10%. To us, that... 1st October 2012 · 1 min read
UK Commercial Property Update Survey highlights downside risks to London office rents in 2013 On past form, the weakness of today’s CBI/PwC Financial Services Survey suggests that, over the next nine to 12 months, Central London office rental values could fall by as much as 10%. To us, that... 1st October 2012 · 1 min read
UK Commercial Property Update Downside risks to Central London office rents in 2013 dominate A simple projection for demand, supply and vacancy rates suggests that our forecasts for 5% falls in Central London office rents in both 2013 and 2014 remain on track. There is a risk that those falls... 20th September 2012 · 1 min read
UK Commercial Property Update No need to panic about recent surge in transactions-based yields Property Archive’s transactions-based all-property yield recently rose to its highest level since mid-2009. However, not least because the office sector has comparatively high yields and its share of... 11th September 2012 · 1 min read
UK Commercial Property Update Is it too early to be looking for a recovery? Commercial property capital values are likely to drop by perhaps another 5%. But that figure may now be small enough that would-be buyers are prepared to look past it and ahead to a recovery. As such... 23rd August 2012 · 1 min read
UK Commercial Property Update Out-of-town shopping centres will remain a bright spot In recent quarters, out-of-town shopping centres have performed well in absolute terms and relative to their in-town counterparts. The weak consumer outlook and the growth of on-line shopping both... 22nd August 2012 · 1 min read
