Europe Commercial Property Update There is still likely to be a reckoning for offices We think the recent upturn in office market performance is largely down to the one-off release of pent-up demand and remain downbeat about future prospects. With occupancy still languishing and remote... 21st April 2022 · 6 mins read
UK Commercial Property Update Pandemic provides a boost to life sciences centres Investor interest in the life sciences sector has jumped since the onset of the pandemic. Increased investment and employment opportunities are expected to continue to support demand for related... 14th April 2022 · 3 mins read
UK Commercial Property Update How worried should property be about higher rates? Rising interest rates have put the outlook for property prices back under the spotlight. But, with lending practices much more restrained in this cycle and the market level loan-to-value ratio well... 7th April 2022 · 3 mins read
UK Commercial Property Update Will the London retail premium be reasserted? The rental growth premium enjoyed by Central London shops has disappeared in the pandemic. And we don’t expect it to reopen, as lower footfall in the capital, the slow recovery in tourist arrivals and... 1st April 2022 · 3 mins read
UK Commercial Property Update Is the north-south divide closing for industrial? The latest data from the industrial sector were predictably upbeat with strong take-up and dwindling supply driving rapid rental growth. There were also signs of important shifts across UK markets... 25th March 2022 · 3 mins read
UK Commercial Property Update Shopping centres not out of the woods yet Shopping centres were the hardest hit commercial property sector during the pandemic. The latest data hint that the sector may be past the worst. But the outlook remains clouded by the threat of... 23rd March 2022 · 3 mins read
UK Commercial Property Update Ukraine raises risk of sharper slowdown At the start of the Ukraine crisis, we felt the direct property impact would be modest, based on limited Russian ownership and capital flows. But as the conflict extends into a third week, concerns... 11th March 2022 · 3 mins read
UK Commercial Property Update South East office rents unlikely to rebound in 2022 The South East jobs market turned a corner during the second half of 2021. But while occupier activity has picked up, vacancy has also risen. As a result of this, and the effects of economic headwinds... 10th March 2022 · 3 mins read
UK Commercial Property Update The impact of the invasion of Ukraine on UK property Much has been made of UK property’s openness to Russian money following the invasion of Ukraine. But since the depreciation of the Russian ruble in 2014, Russians have become far less important to... 25th February 2022 · 3 mins read
Europe Commercial Property Update Global property returns not expected to defy gravity The exceptionally strong rebound in commercial property returns has been clear from the middle of last year. While this came earlier than most expected, we think it reflected special conditions and... 11th February 2022 · 3 mins read
UK Commercial Property Update Has there been a flight to quality in London offices? There is a perception that a shift in workspace preferences brought about by the pandemic has redirected demand towards higher quality office space. But while there is some evidence of a flight to... 28th January 2022 · 3 mins read
UK Commercial Property Update Industrial yield falls set to slow The industrial sector had its best year in over three decades in 2021 as demand soared and supply struggled to keep up. Although we expect the sector to perform well again this year, we don’t think... 20th January 2022 · 3 mins read
Europe Commercial Property Update Estimating the carbon transition risk to property values Real estate potentially has a significant role to play in helping achieve ambitious climate targets. We have estimated the size of the risks in the transition to net zero for the commercial property... 14th January 2022 · 4 mins read
UK Commercial Property Update Which assets can provide the best inflation protection? Recent data have reinforced concerns about inflation risks in the UK. We remain of the view that property investments provide only limited long-term protection against higher prices, but of the... 14th January 2022 · 3 mins read
UK Commercial Property Update Returns to cool significantly in 2022 The performance of commercial property exceeded expectations in 2021, with a particularly strong contribution from the industrial sector. But we don’t think that this momentum will last into this year... 7th January 2022 · 3 mins read
UK Commercial Property Update No Christmas cheer for shopping centres The recent sale of a 25% share of the Bluewater shopping centre has provided further evidence of the slump in retail values. And while there are signs that the worst of the correction may now be over... 24th December 2021 · 3 mins read