UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Feb.) The construction PMI rose to its highest level in eleven months in February. Although encouraging, supply constraints remain a major impediment and input costs high, which we think will limit growth... 4th March 2022 · 2 mins read
US Commercial Property Update Introducing our new metro employment forecasts Our new metro employment forecasts point to underperformance by the six major metros in the next five years, both in terms of total and office-type employment. In contrast, Austin, Dallas and Phoenix... 3rd March 2022 · 4 mins read
Europe Commercial Property Valuation Monitor Most industrial markets overvalued in Q4 Higher government bond yields and falls in property yields across all sectors contributed to a deterioration in European property valuations in Q4. While most industrial markets now look overvalued... 1st March 2022 · 6 mins read
UK Commercial Property Data Response Lending to commercial property (Jan.) Net lending to property fell back in January, after reaching its highest level in 18 months in December. But overall net lending remained in positive territory, though we expect a number of challenges... 1st March 2022 · 2 mins read
Europe Commercial Property Update Russia-Ukraine and the risks to commercial property The Russian invasion of Ukraine has added significant new uncertainty for investors. We expect Moscow property will take a substantial hit, but the impact on the wider European property market will be... 28th February 2022 · 3 mins read
US Commercial Property Valuation Monitor Rising alternative asset yields stretch property valuations There was little change to property valuations in Q4, with two major exceptions. Those were the industrial sector, which saw another decline in its valuation score, and a handful of Southern apartment... 25th February 2022 · 7 mins read
UK Commercial Property Update The impact of the invasion of Ukraine on UK property Much has been made of UK property’s openness to Russian money following the invasion of Ukraine. But since the depreciation of the Russian ruble in 2014, Russians have become far less important to... 25th February 2022 · 3 mins read
US Commercial Property Chart Pack Signs of life in NYC; Greater LA industrial set to boom This is our first US Commercial Property Metros Chart Book, which forms part of a set of publications that extends our existing analysis to a wider set of metros. As well as greater coverage of office... 24th February 2022 · 6 mins read
Europe Commercial Property Emerging Europe: All-property values jump in Q4 Sharp falls in property yields and an improvement in rental growth pushed CEE all-property values in Q4 up almost 5% q/q, the strongest quarterly growth rate since 2007. This was largely driven by the... 24th February 2022 · 6 mins read
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: Less scope for yield falls There was a material improvement in the Scandinavian and Swiss property markets over 2021. Prime office and industrial capital value growth accelerated. And while prime retail values still declined... 21st February 2022 · 6 mins read
Asset Allocation Long-Term Outlook High inflation, tight monetary policy, valuations and returns Although the Fed is poised to step on the brakes to tackle the highest rate of inflation in four decades, we don’t expect the yields of US equities and Treasuries to rise to anywhere near their peaks... 18th February 2022 · 21 mins read
UK Commercial Property Outlook Property recovery moves down a gear The worst of the Omicron wave appears to have passed and we expect growth to rebound later this year, albeit weighed down by weak consumer income growth. But persistently high inflation is now set to... 18th February 2022 · 26 mins read
US Commercial Property Chart Pack Record investment highlights market momentum While economic indicators point to slower growth this year, investors have so far been unperturbed, piling into the market in Q4 and driving record quarterly and annual investment totals. That was led... 18th February 2022 · 9 mins read
Europe Commercial Property Chart Pack Euro-zone all-property returns total almost 9% in 2021 Euro-zone commercial property markets ended 2021 on a stronger note. Prime rental growth picked up in the office and industrial sectors, while retail rents held steady for the third consecutive... 17th February 2022 · 9 mins read
US Commercial Property Data Response Commercial Property Lending (Jan.) Commercial real estate debt growth slowed in January, although that still left it at a decent level. At this stage it is difficult to be sure whether slowing growth indicates a slower pace of... 14th February 2022 · 2 mins read
Europe Commercial Property Update Will prime rents offer inflation protection? Our forecasts suggest that prime all-property rental growth across the main euro-zone markets is likely to keep pace with inflation in the coming years. However, this is more of a reflection of... 14th February 2022 · 3 mins read
