UK Commercial Property Should investors be worried about higher inflation? Recent strong inflation data have heightened concerns about global price pressures. At present, we think there will be limited impact on short-term property performance. Further out though, higher... 16th June 2021 · 3 mins read
US Housing Market Data Response Housing Starts (May.) Single-family starts edged higher in May but have been broadly flat since the start of the year. While worsening affordability is now weighing on the demand for homes, record low inventory and falling... 16th June 2021 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (May.) Commercial real estate debt held by banks grew again in May. But while we expect growth to accelerate as the year progresses and confidence returns, investor caution toward the office and retail... 11th June 2021 · 2 mins read
US Commercial Property Outlook Substantial upgrades to industrial and apartments this year The economic recovery continues in earnest, but this is raising questions about quite how transitory the current high rates of inflation are. We think that core inflation will stay elevated, which... 10th June 2021 · 24 mins read
Europe Commercial Property Update Are green commercial leases the future? With emission targets needing to be met by 2030, the race is on for the real estate sector to decarbonise. By forcing tenants and landlords to share the risks, benefits and costs of environmental... 10th June 2021 · 4 mins read
UK Housing Market Data Response RICS Residential Market Survey (May) The looming end of the stamp duty holiday has only applied the slightest dab to the brakes of the housing market thus far. But while the new buyer enquiries started to ease, sales instructions fell... 10th June 2021 · 2 mins read
Europe Commercial Property Update Hawkish CEE policy shift to push up property yields Our expectation for more aggressive monetary tightening in Central and Eastern Europe and the subsequent upward pressure on bond yields mean that we now expect property yields to rise by more from... 7th June 2021 · 3 mins read
Europe Commercial Property Update Consensus catching up to the view of a weak recovery The latest IPF Consensus forecasts are consistent with our view that prime office rents will fall this year and the recovery in 2022 will be weak, even as the easing of virus restrictions allows... 3rd June 2021 · 3 mins read
US Commercial Property Data Response US Metro Employment (Apr.) Employment growth in the three-months to April was positive in all 30 of the largest metros. However, the rate of growth remains slow as labour shortages weigh on the jobs recovery. As a result, total... 2nd June 2021 · 2 mins read
Europe Commercial Property Valuation Monitor Rise in bond yields weighs on property valuations The marked rise in government bond yields drove a deterioration in property valuations in Q1, particularly in industrial markets where property yields also fell steeply. And with government bond... 2nd June 2021 · 6 mins read
US Commercial Property Update Austin and Seattle set to slide down the office rankings Although office values have held up well in tech hubs such as Seattle and Austin, they have also seen some of the largest falls in occupier demand. Further substantial reductions in floorspace by tech... 1st June 2021 · 3 mins read
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: Upside risk to industrials Capital value growth improved in Scandinavia and Switzerland in Q1, helped by the easing of virus restrictions and by the improvement in economic activity towards the end of the quarter. The uptick in... 28th May 2021 · 6 mins read
US Commercial Property Update How far could industrial yields fall? Industrial yields look likely to reach our end-2021 forecasts by mid-year, leading us to re-evaluate the outlook for pricing. Although gains in rents and capital values are driving increased... 26th May 2021 · 3 mins read
US Commercial Property Valuation Monitor Rising Treasury yields to squeeze valuations further Following a sharp increase in Treasury yields, property valuations worsened for the second consecutive quarter in Q1. And we expect 10-Yr Treasury yields to resume their upward trend to reach 2.25% by... 21st May 2021 · 6 mins read
US Commercial Property Update ULI Consensus Forecast (Spring 2021) Consensus forecasts for the next two years have been revised upwards, largely driven by a more upbeat view on the industrial sector. As a result, we are now more downbeat than the survey respondents... 19th May 2021 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Apr.) Outstanding commercial real estate debt nudged higher in April. And with the vaccine rollout allowing more of the economy to reopen and lending standards set to loosen, we expect to see further gains... 14th May 2021 · 2 mins read
