Europe Commercial Property Update Is now the time to be buying Spanish industrial assets? Gradually improving economic growth and tightening supply in prime locations is set to produce rental growth in the next 12 months. With industrial yields elevated relative to both office yields and... 8th October 2014 · 1 min read
UK Commercial Property Update More evidence that London office rents have further to rise The results of the latest CBI/PwC Financial Services survey were positive for the commercial property market. Business activity is improving steadily and the survey suggests that Central London office... 6th October 2014 · 1 min read
Europe Commercial Property Update When will Prague office rents stabilise? Net absorption is likely to fall well short of the increase in new supply in the Prague office market over the next couple of years. Therefore, we have downgraded our rental growth forecasts for the... 1st October 2014 · 1 min read
Europe Commercial Property Update What impact will Turkey’s slowdown have on its retail sector? The significant fall in the Turkish lira, coupled with a consumer-sector slowdown, will ensure that landlords of secondary schemes continue to face downwards pressure on rents. However, Turkey’s prime... 30th September 2014 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Aug.) Net commercial property lending flows were negative again in August, but the least so since February last year. Gross lending, however, is rising and we would expect this to flow through to positive... 29th September 2014 · 1 min read
Europe Commercial Property Update What impact will weak economic growth have on Italian retail rents? The relationship between retail sales growth and prime high street rental growth in Italy has broken down in recent years as occupier demand has been driven mainly by luxury retailers. Accordingly, we... 25th September 2014 · 1 min read
Europe Commercial Property Update Which sector offers the best prospects in the Netherlands? Given an environment of relatively muted economic growth in the Netherlands and its main trading partners, we think that office property returns have more potential to deliver a positive surprise than... 24th September 2014 · 1 min read
UK Commercial Property Update Is this the high-water mark for the upturn? Investment market activity has recently hit record levels and the strong, yield-driven capital gains have continued. However, our sense is that yields now need to pause, giving time for the underlying... 24th September 2014 · 1 min read
UK Commercial Property Chart Pack Property market pauses for breath in August Investment market activity cooled in August, although this was always on the cards after the record level of transactions in June and July. Over the past few months, the most active investors have... 22nd September 2014 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q2) Today’s ONS data confirm that institutions’ demand for commercial property remained strong in Q2, with timelier Property Archive figures showing that this momentum has been sustained into Q3. This... 19th September 2014 · 1 min read
UK Commercial Property Data Response Workforce jobs (Q2) London office-based employment recorded another strong gain in the second quarter. Strong occupier demand may well prompt developers to raise the medium-term City and West End pipeline. But even that... 17th September 2014 · 1 min read
Europe Commercial Property Update Do German office markets face an impending oversupply risk? The short-term blip in German growth will not significantly impact office markets and, although development pipelines are growing, we expect to see continued office rental value growth in the next few... 16th September 2014 · 1 min read
Europe Commercial Property Update What impact will a weak Finnish economy have on Helsinki office rents? Despite weak economic and employment growth, prime office rents in Helsinki should rise a little further in the next couple of years. Further ahead, however, centrally-located office markets may then... 15th September 2014 · 1 min read
Europe Commercial Property Update Have Stockholm industrial rental values reached a cyclical high? Facing some of the highest industrial build costs in Europe, developers are unlikely to find it profitable to speculatively construct industrial space in Sweden in the next few years. Therefore, with... 11th September 2014 · 1 min read
UK Commercial Property Update Would a raised development pipeline knock London office rents? In mid-2010, the Central London office development pipeline underestimated eventual completions by about 25%. A repeat of that over the next few years is certainly plausible. But even if City and West... 11th September 2014 · 1 min read
UK Commercial Property Update Outlook for leisure property returns is positive The current spread between leisure yields and the all-property average is higher than normal. Combined with decent rental growth prospects, this apparent scope for leisure yields to fall suggests that... 10th September 2014 · 1 min read
