UK Commercial Property Update Build to Rent will continue to thrive The latest figures suggest that Build to Rent (BTR) investment has continued to expand rapidly. Despite this trend, which predates COVID-19, the sector remains under-developed by international... 16th August 2022 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Jul.) CRE lending was again exceptionally strong in July, outpacing even the gains seen in recent months. But with investment transaction totals softening in Q2 and our expectation of a further slowdown in... 15th August 2022 · 2 mins read
Europe Commercial Property Update Dublin office rebound to run out of steam Rents in the Dublin prime office market rose rapidly in H1 2022, supported by a continued recovery in occupier demand. However, a cooling jobs market and strong supply pipeline mean that a slowdown is... 15th August 2022 · 3 mins read
US Housing Market Outlook Stretched affordability to hit sales and prices Despite a reduction in our mortgage rate forecast, affordability is still set to be as stretched as it was during the mid-2000s housing boom. Alongside record-low homebuyer sentiment and a slowing... 12th August 2022 · 18 mins read
Long Run Returns Monitor Long Run Returns Monitor (Q3) Our Long Run Returns Monitor provides our updated long-term projected returns for major asset classes, as well as a summary of the macroeconomic forecasts which underpin them. All projections in this... 12th August 2022 · 1 min read
US Commercial Property Update Global trends point to a more difficult decade ahead Commercial property wasn’t initially hit by the worsening in economic conditions at the turn of the year, but there are now growing signs of anxiety. Not only that, but even if the economic gloom is... 12th August 2022 · 3 mins read
UK Commercial Property Valuation Monitor Valuations worsen further, but may be bottoming out Commercial property valuations worsened for the sixth quarter in a row in Q2, and for all-property is now the most overvalued since late 2007. But since the end of June gilt yields have edged back and... 11th August 2022 · 6 mins read
US Commercial Property Update The six major markets will not be the only losers Pandemic-accelerated migration patterns were already driving outperformance in the southern states. But they have also brought the poor performance of weaker markets to the fore. With those structural... 10th August 2022 · 3 mins read
Europe Commercial Property Update Support from flexible office demand in CEE to wane Comparatively strong demand from flexible offices has helped the CEE occupier recovery from the pandemic. But a more limited flex pipeline this year means it is not likely to provide much offset to... 9th August 2022 · 2 mins read
Europe Commercial Property Update German office market at a turning point? German prime office yields jumped in Q2 amid early signs that the weakening economic outlook is weighing heavily on the office market. And while there were strong rental gains in the first half of the... 5th August 2022 · 3 mins read
US Commercial Property Focus Ranking the US’s largest warehousing markets We think that major distribution hubs, where rents are high and availability is low, will underperform their neighbouring markets over the next few years. Tenants will increasingly look past the major... 4th August 2022 · 21 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q2) The latest RICS Construction Survey showed a further rise in workloads during Q2, though sentiment for the next 12 months worsened slightly. With labour and supply shortages remaining a major concern... 4th August 2022 · 2 mins read
UK Commercial Property Data Response S&P Global/CIPS Construction PMI (Jul.) The fourth consecutive decline in the headline construction PMI took the index below 50 for the first time since January 2021. While driven by an idiosyncratic drop in civil engineering activity, the... 4th August 2022 · 3 mins read
US Commercial Property Data Response US Metro Employment (Jun.) There was little evidence of any slowdown in June’s job figures, but the deep divisions in performance at the metro level remained. Dallas and Austin stood out on a range of comparisons, while... 3rd August 2022 · 2 mins read
Europe Commercial Property Update Better transparency provides little respite for yields While encouraging for the property risk premium, better transparency across Europe is unlikely to provide much support for property yields given the deterioration in the economic and interest rate... 2nd August 2022 · 3 mins read
UK Commercial Property Update Stretched consumers to cut back on leisure spending As the cost-of-living crisis bites consumers will be forced to cut back on discretionary spending, with the leisure sector set to suffer as a result. At the same time, operators are facing shortages... 2nd August 2022 · 3 mins read
