Europe Commercial Property Update Rising office employment points to rental growth in most markets In 2015, office vacancy rates fell in most euro-zone markets. With supply conditions tightening, and office employment picking up at a steady pace, almost every market will see office rents rise this... 15th March 2016 · 1 min read
UK Commercial Property Update How worried should we be about February’s drop in investment? Hitting a 58-month low, investment activity surprised on the downside in February. While that could be signalling an imminent turning point for capital values, such an outcome does not seem consistent... 14th March 2016 · 1 min read
Europe Commercial Property Update European prime retail rents show no sign of peaking The outlook for European consumers is relatively poor. Nevertheless, we expect a handful of structural factors to keep prime European retail rents on an upwards trend, growing by 3% y/y. 11th March 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (Feb) Property investment activity in February was weak. This may partially reflect fears about Brexit, but it is also in line with the expected moderation in activity from the very high levels seen in 2015... 11th March 2016 · 1 min read
Europe Commercial Property Update Limited supply means the fall in Vienna office rents will be reversed Office rents in Vienna declined last year. But with the office vacancy rate amongst the lowest in the euro-zone, and the supply pipeline small, even low levels of demand will drive rents higher. 9th March 2016 · 1 min read
Non-Euro Europe Commercial Property Outlook Capital value growth to slow Capital value growth is likely to have peaked in 2015, but further falls in yields and steady rental value growth will keep capital values rising in 2016 and 2017. Yet, there will be country and city... 4th March 2016 · 1 min read
Europe Commercial Property Outlook The Euro-zone Commercial Property Analyst Compared to our last Analyst, we have increased our expectations for rental growth in some markets, and also pushed down our near term forecasts for property yields. Yet in most markets, lower yields... 4th March 2016 · 1 min read
UK Commercial Property Focus Will London be the catalyst for the next property correction? Overpricing is a more salient concern for London’s property markets than at the national level. However, there are cyclical and structural factors that currently support more aggressive pricing in the... 1st March 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jan.) Banks and building societies reduced their net loans to the commercial property sector in January. However, with banks and building societies’ exposure to commercial property holding fairly constant... 29th February 2016 · 1 min read
Europe Commercial Property Focus How much scope is there for European office rents to rise? In recent years, across Europe, yield compression has been by far the largest driver of capital value growth. Yet property yields are fast approaching their limit. That means we now need to see a pick... 29th February 2016 · 1 min read
Europe Commercial Property Update Recent volatility in Portuguese bond yields a worrying sign for property Given the historic correlation between property yields in Lisbon and Portuguese government bond yields, the recent spike in bond yields seems worrying. Although a correction in property yields does... 25th February 2016 · 1 min read
Europe Commercial Property Update Will falling rents push up prime Oslo office yields? Compounded by a negative rental growth outlook, Oslo offices appear overvalued. However, with foreign investors likely to be lured by the historically weak kroner and domestic investors keen on prime... 23rd February 2016 · 1 min read
Europe Commercial Property Chart Pack Strongest year for capital values since 2006 Office rental values recorded their strongest quarterly gain since 2011 in Q4. Yet at the all-property level, yield compression, rather than rental growth, proved to be the main driver of capital... 19th February 2016 · 1 min read
UK Commercial Property Outlook Yield floor in sight The turbulence in commodity and equity markets since the turn of the year has intensified concerns about the outlook for commercial property in the UK. And the longer the market dislocations persist... 19th February 2016 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Slowing economic growth weighing on rental growth The fourth quarter brought clearer signs of an economic slowdown in non-euro-zone Western Europe. And this economic weakness may help to explain the limited extent of rental value growth in Q4 across... 18th February 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan) Commercial property transaction activity was muted in January. Encouragingly, however, sentiment towards UK property seems healthy. And if we are correct about the UK’s positive macroeconomic... 12th February 2016 · 1 min read
