Europe Commercial Property Update Italian office capital values look set to fall further The low level of confidence in the Italian service sector throughout 2013 is consistent with the underperformance of office capital values versus retail. But while services confidence has since risen... 16th April 2014 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q4 13) Jobs growth in the financial & business services (FBS) sector at the end of 2013 was very strong. New office completions will weigh a little on City and West End rents this year, but strong demand... 16th April 2014 · 1 min read
Europe Commercial Property Update When will Copenhagen industrial yields start to move down? Denmark’s lack of external competitiveness and production lost through outsourcing help explain why industrial property yields in Copenhagen remain at a post-crisis high. Yet the outlook for rents now... 15th April 2014 · 1 min read
UK Commercial Property Update What are the prospects for distribution warehouses? Distribution warehouse rents have not picked up as quickly over the past year or so as we thought they would. But output in the distributive trade sector of the economy is growing strongly and tenant... 11th April 2014 · 1 min read
Europe Commercial Property Update What explains falls in Swiss office rental values? Falls in office rental values in Zurich and Geneva seem at odds with the growing Swiss economy. But for Zurich at least, weakness in the financial services sector seems to explain why office take-up... 10th April 2014 · 1 min read
Europe Commercial Property Update How long will Brussels retail rents remain on hold? An increased preference amongst occupiers for shopping centre space and a run-down of leasing incentives probably help to explain why headline shop rents in Brussels have now been flat for three years... 9th April 2014 · 1 min read
UK Commercial Property Update How might reshoring affect commercial property? Offshoring in the services sector hasn’t obviously undermined office demand or rents and so it is difficult to see any benefits now from a reverse process of reshoring. But the positive impact for... 8th April 2014 · 1 min read
Europe Commercial Property Update What do jobs data imply for the peripheral occupier markets? Since the crisis, employment in the periphery has underperformed the euro-zone average. But recent data does at least show some positives for Portugal. And while sustained employment growth in Spain... 4th April 2014 · 1 min read
Europe Commercial Property Update Where next for Stockholm office yields? The fact that office yields in Stockholm have fallen below retail yields looks like a mispricing that will be reversed in due course. The good news, however, is that the Swedish economy and occupier... 2nd April 2014 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Mar.14) The CIPS/Markit construction PMI showed that growth in commercial property development was strong again in March. This signals healthy confidence in the outlook for occupier demand. Indeed, the risks... 2nd April 2014 · 1 min read
UK Commercial Property Update Survey evidence continues to bode well for 2014 The latest Colliers/Real Estate Capital (REC) survey confirms that the strong recovery in non-prime property segments has continued in the first few months of 2014. It also highlighted some concerns... 1st April 2014 · 1 min read
Europe Commercial Property Update Will the recent outperformance of Frankfurt office rents continue? A broad-based economic recovery combined with a modest development pipeline points to rents in the major German office markets making steady gains over the next few years. Yet the recent pick-up in... 28th March 2014 · 1 min read
UK Commercial Property Chart Pack Recovery in occupier demand and rents broadens All-property rental values increased by 0.1%m/m in February, enough to boost the annual growth rate to 1%. That was the best figure since August 2008. The office rental recovery continues to lead, but... 28th March 2014 · 1 min read
Europe Commercial Property Update What does the strong outlook for Poland imply for property values? We believe that the outlook for occupier demand and rental values in Poland is among the best in Europe. But much of that good news already seems to be reflected in Polish yields which are low. Thus... 26th March 2014 · 1 min read
UK Commercial Property Update How will the fall in inflation impact retail property? February’s drop in CPI inflation does nothing to reduce the overhang of vacant retail space or the challenges of meeting consumers’ changing shopping habits. But it does bring the end of the squeeze... 26th March 2014 · 1 min read
Europe Commercial Property Update What does buoyant Hungarian sentiment imply for property? Buoyant economic sentiment in Hungary may overstate the underlying health of the domestic economy. We would not be surprised if sentiment and GDP growth cooled later this year. Nevertheless... 20th March 2014 · 1 min read
