UK Commercial Property Update Retail warehouses to remain aisle of choice Structural changes to how we live, work and shop have supported retail warehouse rents over the last couple of years relative to other retail sub-sectors. We expect this outperformance will continue... 13th July 2022 · 3 mins read
UK Commercial Property Update Fair value analysis suggests our forecasts are on-target The rise in interest rates and bond yields has put property yields back under the microscope. Property valuations are now stretched and a traditional fair value analysis points toward a rise in... 8th July 2022 · 3 mins read
UK Commercial Property Update Investment activity to fall as economic realities bite After a solid start to the year, investment activity showed signs of cooling during the second quarter. We think that stretched valuations, an increasingly negative financing gap and economic... 30th June 2022 · 3 mins read
UK Commercial Property Update Student accommodation rent growth to stay solid Student enrolment remained robust during the last couple of years and is likely to continue growing strongly over the next decade. But supply of purpose-built beds has grown less rapidly and the... 24th June 2022 · 3 mins read
UK Commercial Property Update Will Manchester office rental growth outperform again? After a more severe downturn in 2020, Manchester office rental growth has caught up with other regional cities in recent quarters. While employment growth and occupier activity may remain fairly weak... 17th June 2022 · 3 mins read
Europe Commercial Property Update Will property resist the effects of deglobalisation? A recent MSCI article speculated that real estate investment could buck the deglobalisation trend given distinct features of the asset class, though we are not convinced that will bring many benefits... 14th June 2022 · 3 mins read
UK Commercial Property Update Central London office supply to remain strong The latest London Crane Survey showed office space under construction rose marginally, but will increase further as supply rises. This supports our view that increased supply over the next two years... 9th June 2022 · 3 mins read
Europe Commercial Property Homeworking to remain key to city retail performance One of the unforeseen consequences of the homeworking revolution is its negative impact on city centre retail footfall. The evidence suggests that in urban centres there is a link between higher... 13th May 2022 · 3 mins read
UK Commercial Property Update Property yields under pressure from higher rates Our new, higher, UK interest rate forecast means we now expect commercial property yields will start to rise by the end of this year, earlier than in our previous profile. 29th April 2022 · 3 mins read
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
