US Commercial Property Office Metros Outlook US Office Metros Outlook: Southern metros set for clear outperformance The divergence between the struggling western metros and the better-performing southern metros remains the key story in office markets. That expectation is underpinned by both higher office... 25th March 2025 · 6 mins read
Europe Commercial Property Focus Dutch residential to outperform in the euro-zone Residential has been the Netherlands’ strongest performing commercial property sector since the GFC, with bumper rent growth a key contributor to that outperformance. Looking ahead, slower wage growth... 24th March 2025 · 18 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Mar. 25) Gilt yields should fall back this year, but with property looking somewhat overvalued we doubt that will trigger much in the way of yield compression. That means the recovery in all-property returns... 21st March 2025 · 1 min read
UK Commercial Property Update Remote work is here to stay in UK, US and EU Despite numerous reports of firms rowing back on remote work, the evidence in the UK, US and the EU suggests that the share of jobs being done remotely has remained constant over the past couple of... 20th March 2025 · 5 mins read
US Commercial Property Update PREA consensus forecasts still well above our US CRE returns The latest PREA consensus forecasts reveal a downward revision in total returns and capital value changes across most sectors, especially for offices and industrial. However, the consensus remains... 18th March 2025 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Feb. 2025) The sharp rebound in housing starts in February and healthy permit issuance shows that the housing market is still holding up well. Nonetheless, with tariff concerns continuing to weigh on... 18th March 2025 · 2 mins read
US Commercial Property Outlook US Commercial Property Outlook: Returns will be weighed down by “new normal” for bond yields Our new forecasts have been compiled in the most uncertain geoeconomic environment for a long time. But our firmly below-consensus expectations for US CRE are led by our view that nearly three years... 13th March 2025 · 20 mins read
Europe Commercial Property Update Fiscal spending shift worsens the German property outlook Events of the past week or so have worsened the outlook for German commercial property. While more government spending could marginally boost rents, the higher outlook for interest rates will outweigh... 12th March 2025 · 4 mins read
UK Commercial Property Update Physical UK retail property now better able to compete with online The sharp drop in retail rents seen during the pandemic coincided with a surge in rents for distribution warehouses and, as a result, the difference between the two is at a record low. That will help... 10th March 2025 · 3 mins read
UK Commercial Property Update IPF UK Commercial Property Consensus Forecasts (Mar. 25.) The latest IPF Consensus Survey was broadly unchanged from the previous forecast round. Total returns at the all-property level are forecast to be 8.0% p.a. over 2025-29, with views ranging from a... 7th March 2025 · 3 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Feb. 25) The headline CIPS construction PMI dropped to 44.6 in February, from 48.1 in January, which was the lowest reading since May 2020. 6th March 2025 · 1 min read
US Commercial Property Update The biggest cities will continue to underperform Five years ago, we were downbeat about the immediate prospects for the largest city real estate markets, the so-called gateways, and that view has proved correct. But we also argued that this malaise... 5th March 2025 · 5 mins read
UK Housing Market Update Are UK and US households still keen to pay more for living space? The ‘race for space’ following the pandemic and shift to remote work is evident in both the UK and US, with houses becoming more expensive relative to flats. And that premium for larger homes looks... 4th March 2025 · 5 mins read
US Commercial Property Update Austin knocks Nashville off top spot for US remote workers Our updated analysis of the most attractive apartment markets for remote workers sees Austin nudge Nashville into second place after two years at the top of the table, with San Antonio climbing to... 3rd March 2025 · 3 mins read
UK Commercial Property Rapid Response Lending to UK commercial property (Jan. 25) Net lending to property had a steady start to 2025, with the total of £917mn in January down from £1.28bn in December 2024, but close to the average seen over 2024. 3rd March 2025 · 1 min read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q1 2025) All-property values edged down by 0.1% in Q4 but the magnitude of decline narrowed. Appraisal-based cap rates also fell for the first time since mid-2022. However, we still believe appraisals have... 28th February 2025 · 1 min read
