UK Commercial Property Update Is an industrial occupier market recovery underway? It is increasingly clear that certain types and grades of industrial property, e.g. prime distribution warehouses, are experiencing the early stages of an occupier market recovery. Given the weak... 17th October 2012 · 1 min read
Europe Commercial Property Update Will industrial rental value growth in Zurich outpace Geneva? Industrial rents seem to be more sensitive to changes in the Swiss economy in Geneva than in Zurich. And industrial rents in Geneva also look a little high compared to Zurich, at least relative to... 15th October 2012 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) Today’s RICS survey showed that occupier demand for property remained weak in Q3 and availability rose further. Of course, that is consistent with the weak economic backdrop. To us, the downside risks... 12th October 2012 · 1 min read
Europe Commercial Property Update Fundamentals still point to rising property yields in Paris The recent rebound in French real estate equity prices suggests that our forecast for commercial property capital values in Paris to fall by a total of 15% to 20% in 2012-13 may be too pessimistic... 10th October 2012 · 1 min read
Europe Commercial Property Update Are we too gloomy on the outlook for Spanish retail rents? Weak prospects for Spain’s consumer sector suggest that retail occupier demand will deteriorate before the end of this year. That together with a development pipeline which is still growing makes us... 9th October 2012 · 1 min read
UK Commercial Property Update Do not dismiss positive message from real estate equities We doubt that any recovery in IPD all-property capital values will come quite as soon or be quite as strong as is currently indicated by real estate equity prices. But, equally, we would not be... 9th October 2012 · 1 min read
Europe Commercial Property Update Just how weak are Greek property markets? Details surrounding last week’s privatisation deal involving the International Broadcasting Centre in Athens suggest that the Greek commercial property market may be even weaker than agency figures... 3rd October 2012 · 1 min read
Europe Commercial Property Update Is Warsaw's office market facing a period of excess supply? Agency estimates of a huge development pipeline seem to suggest that Warsaw’s office market faces a period of excess supply. After all, economic sentiment in Poland is deteriorating, and occupier... 1st October 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Aug.) August was the ninth consecutive month of negative net commercial property lending flows. Unfortunately, it is hard to avoid the conclusion that tough conditions in the property lending market are set... 1st October 2012 · 1 min read
UK Commercial Property Update Survey highlights downside risks to London office rents in 2013 On past form, the weakness of today’s CBI/PwC Financial Services Survey suggests that, over the next nine to 12 months, Central London office rental values could fall by as much as 10%. To us, that... 1st October 2012 · 1 min read
UK Commercial Property Update Survey highlights downside risks to London office rents in 2013 On past form, the weakness of today’s CBI/PwC Financial Services Survey suggests that, over the next nine to 12 months, Central London office rental values could fall by as much as 10%. To us, that... 1st October 2012 · 1 min read
Europe Commercial Property Update Cheap relative rents driving Frankfurt retail occupier appeal Recent evidence shows that the Frankfurt retail market is seeing very strong occupier demand. But this demand seems to be driven more by the low level of Frankfurt retail rents relative to the... 27th September 2012 · 1 min read
Europe Commercial Property Update Amsterdam headline office rents still insulated by incentives Increased use of rental incentives seems to have had a powerful dampening effect on the response of headline office rents in Amsterdam to swings – both up and down – in the vacancy rate. The... 25th September 2012 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q2) Official data show that a run of net buying of property by UK investing institutions came to an end in Q2. And Property Archive data show that this net selling continued in July and August. Experience... 25th September 2012 · 1 min read
UK Commercial Property Update Downside risks to Central London office rents in 2013 dominate A simple projection for demand, supply and vacancy rates suggests that our forecasts for 5% falls in Central London office rents in both 2013 and 2014 remain on track. There is a risk that those falls... 20th September 2012 · 1 min read
Europe Commercial Property Focus In which German city is the office rental outlook best? Over the next five years we think that, with regard to the outlook for rental values, the composition of its occupier base and its low level of rental values means that, on average, Frankfurt is... 20th September 2012 · 1 min read
