Europe Commercial Property Update Outlook stabilises, but longer term questions remain After several disruptive quarters, we are making few changes to our near-term euro-zone real estate forecasts. Nonetheless, a higher profile for 10-year rates has led us to push back yield reductions... 23rd June 2023 · 3 mins read
UK Commercial Property Update Industrial well-placed to weather recession With interest rates now set to be higher for longer, we are sticking with our view the UK will enter a recession later this year. That will hit occupier demand across all property sectors, but... 23rd June 2023 · 3 mins read
Europe Commercial Property Update Swiss prime offices to trail the rest of Europe Swiss offices have already seen the second sharpest price correction across the major European markets. And with stretched valuations set to face renewed pressure from rising bond yields, we think... 23rd June 2023 · 3 mins read
US Commercial Property Update Office values unlikely to regain their peaks even by 2040 The reduction in office demand due to remote work will cause a hit to net operating incomes on a par with, or worse than, that experienced by malls over the last six years. And in line with the... 22nd June 2023 · 4 mins read
UK Commercial Property Chart Pack Surge in interest rates means yields will rise further All-property yields have seen no movement for the past two months and combined with resilient rental growth that means capital values have held firm since March. But stubbornly high inflation has led... 22nd June 2023 · 7 mins read
Event Climate Drop-In: Industry’s decarbonisation challenge – From aviation to property 1688047200 As governments scramble to meet climate goals, the transport and property industries are facing mounting regulatory and consumer pressure to achieve net zero targets.
Europe Commercial Property Update Will there be a reckoning for European offices? The latest MSCI data indicate that values in western European office markets have held up better since the start of the pandemic when compared with the US and UK. But given these cities face similar... 16th June 2023 · 4 mins read
Europe Commercial Property Update How have our homeworking assumptions fared? In our Focus of September 2020, we made some assumptions about how the pandemic would impact working from home in office-based sectors across Europe. Almost three years on, we look back at these to... 15th June 2023 · 4 mins read
US Commercial Property Update Ranking metros by physical climate risks to real estate Florida and other parts of the Sunbelt (notably major cities in Texas) will likely face the most severe physical climate risk over the next 30 years. While this is unlikely to come as a major surprise... 14th June 2023 · 3 mins read
US Commercial Property Rapid Response Commercial Property Lending (May) While bank net lending to commercial real estate (CRE) turned positive again in May, growing signs of distress for existing loans point to further weakness ahead. The $13.7bn growth in loans secured... 12th June 2023 · 3 mins read
US Commercial Property Update Top-ranked warehouse markets dominated by Sunbelt Our updated industrial metros analysis, which now incorporates the current vacancy rate, continues to point to Memphis as having the strongest prospects for rent growth over a three-year horizon... 8th June 2023 · 3 mins read
UK Commercial Property Update Will less generous online returns help retail property? Recent economic difficulties have forced online retail to tighten their returns policies. At face value, this seems good news for retail property as it may shift demand back to stores for certain... 8th June 2023 · 3 mins read
UK Commercial Property Update West End sees refurbishment boom The latest crane survey reported a surge in new central London office starts in Q1, which seems poorly timed given a large existing pipeline and waning demand. However a closer look shows that West... 7th June 2023 · 3 mins read
UK Commercial Property Rapid Response S&P Global/CIPS Construction PMI (May 23) 6th June 2023 · 2 mins read
Europe Commercial Property Update Manufacturing headwinds for German industrial rents Early 2023 data revealed that the German industrial market has slowed considerably following the exuberance of a year ago. And looking ahead the outlook is not much brighter. We were already... 5th June 2023 · 3 mins read
US Commercial Property Update ULI Consensus Spring 2023: Consensus forecasts under-estimate the pain to come It comes as no surprise to see a sharp downgrade to consensus forecasts given the combined impact of the regional banking crisis and growing office sector distress. But despite those downgrades, our... 2nd June 2023 · 2 mins read
