UK Commercial Property Data Response Lending to commercial property (Feb. 13) In net terms, lending to the commercial property sector was negative for the fifteenth consecutive month in February. Yet progress in reducing lenders’ exposure to the property sector is slow. Thus... 2nd April 2013 · 1 min read
Europe Commercial Property Update Increased use of rental incentives to set back office rent recovery An increase in rent-free periods on typical office leases in some European markets helps to explain why headline rents have recently been less responsive to changing occupier demand conditions than... 28th March 2013 · 1 min read
Europe Commercial Property Update Polish retail rental values set to remain under pressure Over the past year, the Polish retail market has moved from being one of Europe’s top performers for rental value growth, to one of the laggards. In the short term, factors such as falling residential... 27th March 2013 · 1 min read
UK Commercial Property Chart Pack Yields continue to hold their ground All-property rental values ticked down by 0.1%m/m in February. That was a small drop, but nevertheless the first since October last year. At the sub-sector level, perhaps the biggest break from recent... 27th March 2013 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q4) UK-based investing institutions made modest net purchases of commercial property in the final few months of 2012, extending the pattern of the past few years. But this has not triggered a wider... 22nd March 2013 · 1 min read
UK Commercial Property Update Polarisation of the retail property market is still rising Today’s better-than-expected retail sales data will do little to halt the polarisation in values evident in the IPD retail sub-markets. Even if this is the start of a modest spending upturn, until the... 21st March 2013 · 1 min read
Europe Commercial Property Update Turkish property still a good bet, despite external vulnerabilities As the Turkish economy has grown increasingly dependent on short-term capital inflows to finance its current account deficit, direct investment has fallen. But while this suggests that foreign... 21st March 2013 · 1 min read
Europe Commercial Property Update Where next for Italian property yields? Data for the final quarter of 2012 show that the upward trend in Italian office and retail property yields paused. Yet both the current political impasse and the poor outlook for occupier demand... 20th March 2013 · 1 min read
Europe Commercial Property Update Restrained development to limit rises in office vacancy rates... mostly In most European office markets, development pipelines have changed by little over the past year and have thus remained small. That should ensure that new supply this year does not unduly exacerbate... 19th March 2013 · 1 min read
Europe Commercial Property Update Have the risks of a fall in Prague retail rents receded? After a difficult year, yesterday’s report of an uptick in Czech consumer spending is welcome news for retailers. But the outlook for spending is subdued, while the supply of new retail space is... 12th March 2013 · 1 min read
Europe Commercial Property Focus Why are office rents more volatile in Madrid than Barcelona? In each of the previous two cycles, office rents rose much further in Madrid than Barcelona. But there is nothing to suggest that structural features of the Madrid market lie behind the more volatile... 7th March 2013 · 1 min read
UK Commercial Property Data Response Mergers and Acquisitions (Q4 12) Merger and acquisition (M&A) activity slumped at the end of 2012. This obviously hasn’t pulled the rug out from under the Central London office markets, but will nevertheless have been a restraint... 5th March 2013 · 1 min read
Europe Commercial Property Update Falls in Swedish property values still more likely than not Last week’s GDP data from Sweden were not as bad for commercial property as they might at first seem. Indeed, the detail suggests that occupier demand for each of the three main sectors may have risen... 4th March 2013 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Emerging European property continues to lose its shine The relatively strong performance of Emerging European property markets in 2011 was not repeated in 2012. The softening economic backdrop did little to support rental growth, while yields appear to... 1st March 2013 · 1 min read
UK Commercial Property Update Do solid Q4 spending data signal a brighter retail rent outlook? The rise in real consumer spending in Q4 last year was the fifth in succession and, at face value, looks favourable for retail occupier demand. It is also encouraging that the adverse effects of... 27th February 2013 · 1 min read
Europe Commercial Property Update Economic fundamentals point to softening German investment market Supported by a wider improvement in financial markets, investment demand for German commercial property surged in Q4 last year, despite the economy contracting sharply. But risk appetite looks to be... 26th February 2013 · 1 min read
