Europe Commercial Property Update Italian logistics rental values unlikely to rebound this year Strong growth in Italian logistics occupier market activity suggests that rental values may finally have found a floor. Yet with the Italian economy set to stagnate this year, and with ample spare... 9th January 2015 · 1 min read
UK Commercial Property Update Are supermarket property values headed for a dip? Confirmation that the major supermarket chains are actively trimming their current and planned property portfolios supports our view that the sector will underperform for some years yet. But it also... 8th January 2015 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Dec.) Activity rates in the construction sector eased again in the final weeks of last year. Nevertheless, the PMI survey suggests that the supply of commercial property is growing steadily and that some of... 5th January 2015 · 1 min read
Europe Commercial Property Update Can Prague retail rental growth pick up steam? Given below-trend consumer spending growth in the Czech Republic until mid-2016, the short-term outlook is for only limited growth in retail rental values. While stronger growth will then push rents... 22nd December 2014 · 1 min read
UK Commercial Property Chart Pack Overseas investors drive a rise in activity The economy is showing few signs of slowing in response to the weaker global backdrop. Admittedly exports did fall in the third quarter, but this was offset by strong domestic demand to leave GDP... 22nd December 2014 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q3) To date in 2014, net institutional investment in property has totalled £4bn. Although the rate of net investment now appears to be easing, that could well prove temporary. And with strong economic... 19th December 2014 · 1 min read
Europe Commercial Property Update What’s the outlook for peripheral retail rental values? The outlook for consumption growth in the Southern peripheral euro-zone economies is fragile. Yet there seems potential for rents to rise, given that the current level offers decent value for... 18th December 2014 · 1 min read
Europe Commercial Property Update Subdued German occupier demand offset by tight supply The subdued outlook for German GDP growth suggests that occupiers will be cautious with regard to expansion plans in 2015. Nevertheless, relatively tight office and retail supply conditions imply that... 17th December 2014 · 1 min read
UK Commercial Property Data Response Workforce jobs (Q3) Office-based employment dipped in the third quarter. But with annual growth already running well ahead of the whole economy average, the outlook for office occupier demand and rental value growth is... 17th December 2014 · 1 min read
Europe Commercial Property Update How low will Copenhagen property yields fall this time around? Historically low bond yields and a gradually improving rental growth outlook should mean that prime office yields set new lows in this cycle. However, in the absence of frenzied lending on Danish real... 11th December 2014 · 1 min read
UK Commercial Property Update Is the plateau in deals signalling a peak for capital value growth? Property transactions seem to have hit a plateau, supporting our view that we may be very close to the peak for capital value growth. What’s more, the share of deals accounted for by overseas buyers... 10th December 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Prime yields to fall for another three years The stance of monetary policy is likely to stay exceptionally loose for the foreseeable future. And coupled with low inflation, we expect bond yields to stay lower for longer. Therefore, it seems... 8th December 2014 · 1 min read
Europe Commercial Property Outlook Further yield compression to boost capital values Further monetary easing from the ECB is unlikely to be decisive enough to put the euro-zone on a stronger growth trajectory, implying that the outlook for occupier markets is subdued. Nevertheless... 4th December 2014 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey The latest Colliers/Real Estate Capital survey contained further evidence that the current, yield-driven upturn in capital values is likely to slow next year. After all, there are signs that non-prime... 2nd December 2014 · 1 min read
Europe Commercial Property Update What will lower Bund yields mean for property? Recent cuts to our Bund yield forecasts reflect our view that the euro-zone economy will struggle to gain traction over the next year or two. Yet, on balance, by creating the scope for property yields... 2nd December 2014 · 1 min read
UK Commercial Property Data Response Construction PMI (Nov.) and Mergers & Acquisitions (Q3) The commercial property construction PMI fell for the second month in a row in November. But that does little to alter the picture of a strengthening occupier market. Today’s better mergers and... 2nd December 2014 · 1 min read
