Europe Commercial Property Update Office employment growth points to further rental value gains The latest euro-zone labour market data show that office jobs are a key driver of overall employment growth in most member states. Moreover, even where office employment is relatively subdued, limited... 15th September 2015 · 1 min read
Europe Commercial Property Update Are we too conservative on the prospects for Swedish retail rents? The Swedish consumer sector is set to perform strongly in the coming years. However, the completion of the Mall of Scandinavia later this year will keep prime retail rental growth in Stockholm muted... 2nd September 2015 · 1 min read
Europe Commercial Property Focus Where is the potential for office rental value growth strongest? An analysis of current office rental values relative to estimates of their equilibrium levels suggests that Madrid, Barcelona, the main German cities and Brussels offer the best medium-term growth... 19th August 2015 · 1 min read
Asia Economics Update Bombings add to Thailand’s economic and political concerns The bombings in Thailand’s capital present a new downside risk to the country’s economic outlook. Not only are the attacks a blow to the important tourism sector, they also add to concerns about... 19th August 2015 · 1 min read
Europe Commercial Property Update Prime Office Rental Growth Hides Finland’s Ugly Truth Finland’s year-long recession has been reflected in weakening demand for commercial property space. Yet, as occupiers have traded-up, prime property has performed exceptionally well. However, we... 18th August 2015 · 1 min read
UK Commercial Property Outlook No sign yet of a peak for capital values Investor demand for UK property shows few signs of waning. So with yields edging lower and occupier market fundamentals strong, the market is unlikely to slow materially in the second half of this... 18th August 2015 · 1 min read
Europe Commercial Property Update Greater scope for prime office yields to narrow in Munich than London The spread between government bond yields in Germany and the UK is less indicative of the relative strength of the two countries’ economic outlooks than it was in the past. As such, in contrast to... 22nd July 2015 · 1 min read
Europe Commercial Property Update Warsaw retail set to benefit from strengthening consumer sector The Polish economy has started the year positively, supported by the recovering consumer sector. We expect further improvement in consumer finances to support retailer demand growth. The effect on... 21st July 2015 · 1 min read
UK Commercial Property Update Are shopping centres the weak link in the retail rental recovery? Shopping centre rental values have yet to find a floor. But with rental values for in-town centres still struggling, while out-of-town rents appear to be staging a recovery, the data are most useful... 20th July 2015 · 1 min read
Europe Commercial Property Update The wait for signs of renewed vigour in Brussels offices goes on Subdued economic growth and similarly weak office sector demand have resulted in muted take-up volumes in Brussels. The slow first half of the year means that we have trimmed our rental growth... 14th July 2015 · 1 min read
Europe Commercial Property Update Cost pressures set to keep German logistics rental value growth subdued German logistics occupier demand should increase over the coming quarters. Yet with the sector already facing pressure from rising wages, occupiers are set to take up space further away from prime... 7th July 2015 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jun.) The latest CIPS/Markit construction PMI shows that supply in the commercial property sector is now rising at its fastest rate since 2008. But with most evidence also suggesting that availability is... 2nd July 2015 · 1 min read
Europe Commercial Property Focus Rising Nordic investment signals shift towards secondary property Investment flows have been rising in the Nordics, reflecting both large single-asset deals and, increasingly, a number of major portfolio transactions. The growing willingness to transact secondary... 25th June 2015 · 1 min read
UK Commercial Property Update Will excess supply curtail the industrial rental recovery? Development activity in the industrial property sector has picked up sharply over the past year or so in response to a doubling in the pace of industrial rental value growth. But with the economy set... 25th June 2015 · 1 min read
Europe Commercial Property Update Hungarian retail rents unlikely to take-off A combination of spare capacity and the ban on Sunday trading will limit retailer demand in Hungary in the next year or two. Thereafter, new shopping centre developments will prevent rental growth... 24th June 2015 · 1 min read
UK Commercial Property Update What would stronger productivity mean for rental values? For a given rate of economic growth, boosting productivity requires a slower rate of job creation, which in turn will tend to moderate the rate of rental value growth. Over the medium term, however... 18th June 2015 · 1 min read
