Non-Euro Europe Commercial Property Chart Pack Emerging Europe: No respite for rents just yet Data for Q3 confirmed that while some office and industrial markets in the region recorded quarterly rental falls, weakness was still unsurprisingly concentrated in the retail sector. Core-CEE retail... 23rd November 2020 · 6 mins read
US Housing Market Focus Higher online share to boost logistics demand by 15% 19th November 2020 · 20 mins read
UK Housing Market Focus Higher online share to boost logistics demand by 15% 19th November 2020 · 20 mins read
UK Commercial Property Focus Higher online share to boost logistics demand by 15% Virus-driven behaviour changes that support a faster online transition will boost industrial demand over the coming years. But we don’t believe the view that higher online spending will cause rents to... 19th November 2020 · 20 mins read
Europe Commercial Property Update Weak recovery expected in Moscow office rents Moscow offices rents were under pressure even before the onset of COVID-19 and a further steep decline is expected this year. Domestic economic factors will be more supportive in 2021, but this is... 17th November 2020 · 3 mins read
US Commercial Property Update Apartments, retail and the terrible Ts: Tech & Tourism Cities with a large tourism sector, such as Las Vegas and Orlando, still employ 10% fewer people than they did in February, which will hurt retail spending and apartment demand. And, while office... 10th November 2020 · 3 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q3) While the RICS Construction Survey still points to a small decline in output in Q3, there was a marked improvement in the share of surveyors reporting a fall in construction workload. Expectations... 5th November 2020 · 2 mins read
Europe Commercial Property Update CEE retail set for a harsh winter The second virus wave in CEE came at a time when the region’s retail sector was already on its knees. We now expect the fall in rents to continue in Q4, albeit at a slower pace than in Q2. 5th November 2020 · 3 mins read
US Commercial Property Update Swathes of sublease space will soon hit office rents The volume of available sublease space already exceeds that seen in the last two downturns. And an average discount of 20% to landlord asking rents, rising to 30%-plus in some cities, will reduce the... 4th November 2020 · 3 mins read
US Commercial Property Data Response RICS Commercial Market Survey (Q3) Occupier market sentiment remained at cyclical lows, but there was a small sign of improvement in the investment market. But we expect that only to be short-term respite, as the coming quarters are... 29th October 2020 · 2 mins read
US Commercial Property Data Response NCREIF Property Index (Q3 2020) All-property total returns moved positive again this quarter, as valuation downgrades reduced markedly. A lack of forced sellers has limited transaction activity and reduced observable evidence, which... 27th October 2020 · 3 mins read
US Commercial Property Data Response Commercial Property Price Indices (Sep.) The RCA Commercial Property Price Index for all-property nudged higher in September, driven by improvements in the office and apartment sectors. But, with the exception of the industrial sector... 23rd October 2020 · 2 mins read
US Commercial Property Update Falling CMBS delinquencies explain slower debt growth Outstanding commercial real estate debt held by banks is likely to rise again in the coming months, providing the improvement in investment transactions seen in September continues. Yet even if there... 22nd October 2020 · 3 mins read
US Commercial Property Update Industrial yields could be 50bps below offices by 2022 The industrial sector could see a further increase in its share of investment in the coming quarters thanks to both its own resilience and concerns surrounding the other sectors. Those diverging... 19th October 2020 · 3 mins read
US Commercial Property Update ULI Consensus Forecast (Fall 2020) Consensus forecasts for this year have been revised upwards, although the outlook for total returns remains negative. At the same time, the prospects for 2021-22 have been downgraded, but only... 14th October 2020 · 2 mins read
US Commercial Property Focus Is COVID-19 the death-knell for physical retail? Retail has been hit hard by the COVID-19 crisis and lasting changes to online spending will bring further pain. While our estimates suggest that the impact is likely to be less severe than structural... 8th October 2020 · 27 mins read
