UK Commercial Property Update Hotel occupancy will continue to struggle in 2022 International travel restrictions and domestic containment measures have dealt the hotel sector a massive blow over the last two years. The outlook for the sector is more positive, but a slow... 22nd December 2021 · 3 mins read
Europe Commercial Property Update US to outperform in 2022 before rate rises curb returns The rapid bounce-back in the US economy along with still-loose monetary policy will drive continued strong performance in real estate in 2022, when we expect returns to exceed 12%. That would see the... 15th December 2021 · 3 mins read
UK Commercial Property Update Investment expected to edge higher in 2022 Investment activity has bounced back sharply after the initial COVID-19 shock and is on track to hit a three-year high in 2021. But we expect more modest growth in 2022 as softer economic activity and... 15th December 2021 · 3 mins read
UK Commercial Property Update London office construction expected to slow further Office space under construction declined for a third consecutive quarter according to the Winter London Crane Survey, despite an uptick in new starts. Given the challenges the office sector faces, we... 10th December 2021 · 3 mins read
UK Commercial Property Update New variant unlikely to derail recovery The Omicron variant has heightened the near-term risks for both the economy and UK commercial property. The latest restrictions show that there is still considerable uncertainty, but our estimates... 9th December 2021 · 3 mins read
UK Commercial Property Update Are flexible offices making a comeback? Over the last two years, serviced offices have seen more upheaval than most other real estate sectors. But there have been some encouraging signs over recent quarters and long-term trends may have... 25th November 2021 · 3 mins read
UK Commercial Property Update Data point to upside, but outlook still fragile The latest real estate data came in stronger than expected. But while there have been encouraging developments, particularly in the retail sector, we think this signals a short-term boost to prospects... 11th November 2021 · 3 mins read
UK Commercial Property Update Online risks to retail may not be as bad as once feared By any standard, retail property has had a torrid time during the pandemic. The latest data on online sales look like further bad news, with the share of spending much higher than expected after... 21st October 2021 · 3 mins read
UK Commercial Property Update Will COVID-19 shift real estate out of town? With workers spending more time away from city centres, some expected that out-of-town offices could swing back into fashion. It is still early, but from the UK data, the evidence suggests that it is... 15th October 2021 · 3 mins read
UK Commercial Property Update What do the latest UK jobs data tell us? UK employment has recovered strongly in recent quarters and is set to see further growth into 2022. This will be good news for UK offices, especially in regional cities. But with occupiers set to look... 7th October 2021 · 3 mins read
UK Commercial Property Update Property markets to take early rate hike in their stride With UK policy rates now set to rise as early as next spring, this has tipped the risks to our commercial property outlook to the downside. But we don’t think the change is significant enough to make... 30th September 2021 · 3 mins read
Europe Commercial Property Update Limited risks to DM property from Evergrande The Evergrande crisis has made waves in financial markets this week. But, while the developed property markets we cover may see some short-term upheaval, we think the impacts outside of China are... 23rd September 2021 · 3 mins read
UK Commercial Property Update Will the rental backlog derail the retail recovery? One feature of the COVID-19 era has been persistent non-payment of rents, particularly in the retail and leisure sectors. But we don’t think this will come to a head next year once the eviction ban... 17th September 2021 · 3 mins read
Europe Commercial Property Update Are we underestimating the global property upturn? The most recent commercial property data have been surprisingly upbeat and have raised the possibility that the recovery could be stronger than expected. But we think investors may have run ahead of... 16th September 2021 · 3 mins read
Europe Commercial Property Update What will happen to submarket rents after COVID-19? With more hybrid working post-pandemic, the view is that office rents will be under pressure for many years. This raises questions about which locations could be more resilient and if rents in central... 8th September 2021 · 3 mins read
UK Commercial Property Update Are PDRs the answer to mis-matches in supply? New plans have extended Permitted Development Rights (PDRs) on commercial property, allowing swifter conversion to residential use. These have been cautiously welcomed, but, in our view, they do not... 18th August 2021 · 3 mins read