UK Commercial Property Update South East office rents still have further to fall Although we expect the economic outlook will continue to improve, we think that South East office rents will still edge lower this year. What’s more, we don’t expect much of a rebound in 2022, as a... 7th July 2021 · 3 mins read
Europe Commercial Property Update Has Athens been pushed off track by COVID-19? After gaining ground since 2018, the recovery in Athens’ prime property values has stalled. However, we think that the catch up with the euro-zone will continue, albeit at a slower pace than in recent... 6th July 2021 · 3 mins read
UK Commercial Property Update Office markets to shrug off end of furlough The government’s furlough scheme is regarded as one of the successes of the UK’s coronavirus policy response, but all good things must come to an end. Over the next few months, its unwinding will... 2nd July 2021 · 3 mins read
Europe Commercial Property Update Vaccine passport no silver bullet for prime high streets Lingering restrictions on travel mean that weakness in foreign tourist spending will continue to weigh on retailers’ incomes in tourist-dependent retail markets this year. This supports our view that... 1st July 2021 · 3 mins read
US Commercial Property Data Response US Metro Employment (May.) Employment growth in May was positive in all metros, largely driven by gains in the leisure & hospitality sector. This benefited Orlando, Los Angeles and Las Vegas the most, but still left employment... 30th June 2021 · 2 mins read
Europe Commercial Property Update Paris offices to maintain lead over Lyon Tighter supply conditions and the expected smaller hit from the shift to remote working mean that we think Paris office rents will continue to outperform Lyon over the next five years. 30th June 2021 · 3 mins read
US Housing Major Apartment Markets Outlook (Q2 2021) With cities reopening apartment demand will see a substantial rise this year, boosted by the arrival of households who delayed a move last year. Vacancy rates will fall back in all six major cities... 29th June 2021 · 8 mins read
UK Commercial Property Data Response Lending to commercial property (May.) After falling sharply in April, net lending rose in May. We think this can be explained by the extension of payment holidays rather than an increase in new loans. Further ahead, we expect a weak... 29th June 2021 · 2 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Industrial still a bright spot With virus restrictions set to be eased further, we expect the recovery in economic activity to gather pace from Q3, which should give occupier markets a lift. But the pick-up will not be enough to... 25th June 2021 · 18 mins read
Long Run Returns Monitor Long Run Returns Monitor (Jun. 2021) Given that the moves in most financial markets since the previous editionof our Long Run Returns Monitor have been fairly small–at least for the period as a whole –the returns that we are projecting... 24th June 2021 · 1 min read
UK Commercial Property Update Weak starts to limit construction after 2021 We think that delayed Central London office projects and new industrial starts will drive commercial construction output this year. But once the backlog of delayed projects has been exhausted, we... 24th June 2021 · 3 mins read
Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Upgrades to Scandi industrial values With the recovery in economic activity already underway and further easing in virus restrictions to come, the outlook for occupier demand is encouraging. However, with structural factors also at play... 24th June 2021 · 18 mins read
UK Commercial Property Update Remote working one year on A year ago, we were just digesting the impact of remote working, but already permanent change looked likely. And while we know more now and continue to refine our views, we see little reason to change... 23rd June 2021 · 3 mins read
US Commercial Property Update Offices set for a prolonged performance divide The pandemic has heightened occupiers’ focus on the quality and green credentials of the space they occupy. This trend is set to impact on demand, with modern, well-configured buildings with green... 23rd June 2021 · 3 mins read
US Commercial Property Outlook Major Office Markets Outlook (Q2 2021) The start to the year has been in line with our expectations, meaning that falls in absorption and rents have generally accelerated in the six major metros. Owing to their relatively low rents and... 18th June 2021 · 15 mins read
UK Commercial Property Chart Pack Reopening supports gradual property revival The improvements in all-property rents and capital values continued in May, supporting our view that we are at the start of a slow recovery in property. Looking ahead, with non-essential retail and... 18th June 2021 · 7 mins read
