UK Commercial Property Update Are current rental value expectations too downbeat? There are grounds to think that the consensus forecasts that IPD all-property rental values will rise by about 1% in 2011 and 2.5% in 2012 are too cautious. First, the recovery in rental values in the... 11th February 2011 · 1 min read
Europe Commercial Property Focus Investment case for the Italian retail market remains weak Italy’s historic position as one of the euro-zone’s most expensive retail markets might suggest that the recent stability of Italian retail yields, while yields in other euro-zone markets have fallen... 8th February 2011 · 1 min read
UK Commercial Property Focus Are lenders really set to abandon delay and pray policies? It seems almost certain that over the coming quarters lenders will become less willing to extend maturing loans and will also increase the pressure on borrowers to sell property and repay non... 7th February 2011 · 1 min read
Europe Commercial Property Update Spanish industrial rental downturn has further to run The latest macro indicators for Spain paint a weak picture of industrial occupier demand. Unfortunately, our view that the economy will tip back into recession this year suggests that high levels of... 7th February 2011 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q4 10) December’s snow may have distorted the data, but the latest RICS survey nevertheless showed that commercial property, driven by London’s office market, was the only sector to see a rise in... 3rd February 2011 · 1 min read
Europe Commercial Property Update Emerging European office rental value growth prospects mixed Over the next few years, office markets in Warsaw, Moscow and Istanbul look set to continue outperforming other Emerging European capitals. Indeed, brighter GDP and employment growth prospects suggest... 3rd February 2011 · 1 min read
UK Commercial Property Update CIPS/Markit Construction PMI (Jan) In January, the CIPS/Markit construction PMI rose back above the expansion/contraction mark of 50. Of course, after December’s snow, a rebound was perhaps always likely. While activity remains... 2nd February 2011 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Dec/Q4) Net new lending to commercial property was negative for the tenth month in a row in January and the sector’s share of outstanding bank debt continued to edge lower. We expect this process to remain... 1st February 2011 · 1 min read
Europe Commercial Property Update Frankfurt to lead Germany's office rental recovery The relative importance of the banking and financial services industries to the Frankfurt office market could mean that occupier demand will recover faster here than elsewhere in Germany. Meanwhile... 31st January 2011 · 1 min read
Europe Commercial Property Update Is German retail property really Europe's best bet? Survey evidence suggests that German commercial property, retail in particular, is now at the top of cross-border investors’ target lists, while the UK has slid down the rankings. This shift in... 27th January 2011 · 1 min read
Europe Commercial Property Update Is German retail property really Europe's best bet? Survey evidence suggests that German commercial property, retail in particular, is now at the top of cross-border investors’ target lists, while the UK has slid down the rankings. This shift in... 27th January 2011 · 1 min read
Recoveries to lose momentum in 2011 There are few signs that the euro-zone recovery has yet to encompass domestic demand. Therefore, as the boost to growth from exports fades, all member states will see growth slow to some extent in... 25th January 2011 · 1 min read
UK Commercial Property Chart Pack Economy set to remain weak in 2011 All-property rental values were flat in December, though this disguised the fact that rises in City and West End offices and the retail warehouse segment were offset by falls elsewhere. Meanwhile, net... 25th January 2011 · 1 min read
UK Commercial Property Update Industrial rental values still likely to edge lower this year Various near-term indicators currently point to a strong recovery in industrial property rental values in 2011. This may well be the experience for some landlords. On average, however, with the... 20th January 2011 · 1 min read
UK Commercial Property Update How promising is the recent fall in retail vacancy rates? Retail vacancy rates edged down in H2 2010, but with consumer spending likely to decline this year and more empty retail properties proving harder to re-let than ever before, we do not think that this... 19th January 2011 · 1 min read
Europe Commercial Property Update Outlook is bright for Helsinki industrial rental values Finland’s strong external trade links should mean that industrial occupier demand in Helsinki holds up better than many other euro-zone cities over the next couple of years. And given that industrial... 13th January 2011 · 1 min read
