Europe Commercial Property Update Will the Olympics boost Paris prime retail rents? While Paris rents have been flat for some time, there are signs that the post-pandemic rebound in tourism is starting to boost high street luxury retail. And the upcoming Paris Olympics in 2024 will... 8th August 2023 · 3 mins read
UK Commercial Property Rapid Response S&P Global/CIPS Construction PMI (Jul 23) The headline CIPS construction PMI resumed its upward trend in July, with the rise to 51.7 more than reversing the drop into contractionary territory in June. 4th August 2023 · 2 mins read
US Commercial Property Update Why we still expect 15% falls in industrial and apartment values Despite capital value falls of 7% and 9% to-date for industrial and apartments respectively, we are forecasting around 15% further value declines as cap rates rise. But the falls in appraisal-based... 3rd August 2023 · 3 mins read
Europe Commercial Property Update Addressing key questions from our offices Drop-In We recently held a Drop-in titled “Office Sector Armageddon – Who gets hit hardest?”, which you can view on-demand here. This Update addresses some of the specific European questions we received... 3rd August 2023 · 3 mins read
UK Commercial Property Update Offices drop-in: Answers to client questions Last week, we held a Drop-In on the future of office property. This Update provides answers for a variety of questions from a UK perspective that emerged from the discussion. 2nd August 2023 · 4 mins read
Europe Commercial Property Update Will the surge in Warsaw industrial rents continue? Warsaw industrial rents have seen an unprecedented surge in recent months on the back of strong demand and supply constraints due to the war in Ukraine. And while growth is set to slow significantly... 1st August 2023 · 3 mins read
UK Commercial Property Rapid Response Lending to commercial property (Jun. 23) Net lending to commercial property was once again positive in June at £589m. The continued growth in lending to property contrasts with a contraction in overall sterling lending. Indeed, over the past... 31st July 2023 · 1 min read
US Housing Market Update Unpriced climate risks in US residential property Climate change is expected to intensify the scale and frequency of flooding over the coming years. Housing markets in the US have yet to fully price in these risks, leaving many properties... 31st July 2023 · 5 mins read
Europe Commercial Property Update Little cause for optimism in dire transaction numbers H1 2023 was the weakest six months for European investment in over 10 years. And the difficult financing conditions and stretched valuations that have sapped investor sentiment are unlikely to relent... 28th July 2023 · 3 mins read
US Commercial Property Update RICS Commercial Market Survey (Q2) The latest RICS survey signalled a slight improvement in occupier and investment sentiment in Q2, but confidence remained low by historic standards. Tight credit conditions and a poor economic... 27th July 2023 · 5 mins read
UK Commercial Property Rapid Response RICS Commercial Property Market Survey (Q2 23) The Q2 RICS commercial survey is in line with our view that, whilst the worst is now behind us, yields will see a further rise this year and rental growth will fall back. That will keep total returns... 27th July 2023 · 2 mins read
US Commercial Property Update NCREIF Property Index (Q2 2023) Total returns were negative again in Q2 at -2.0% q/q. This was dragged down by the office sector, where values fell by 7% and quarterly returns were -5.8%, with all other sectors outperforming the all... 26th July 2023 · 4 mins read
Europe Commercial Property Update Weaker supply adds to Amsterdam office optimism Occupier demand in Amsterdam has been more resilient than we expected so far this year. In tandem with supply constraints caused by construction delays, this suggests that prospects for rental growth... 24th July 2023 · 3 mins read
Europe Commercial Property Update Dublin industrial turnaround a sign of what’s to come After trailing the rest of Europe last year, the Dublin industrial market has had a change of fortune in 2023 as rent growth continued to improve. With industrial demand set to benefit from a... 21st July 2023 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Jul. 23) Higher-than-expected core inflation means interest rates are now set to be higher for longer and we still think the economy will enter a mild recession later this year. That’s not a great backdrop for... 20th July 2023 · 1 min read
US Commercial Property Update Uneasy outlook for global commercial property We have made only minor changes to our latest global forecasts which still imply that property will underperform other assets in the short to medium term. Further out, real estate returns are set to... 19th July 2023 · 3 mins read
