UK Commercial Property Data Response Commercial property investment (Mar.) The improvement in investment activity in March was mostly driven by a one-off deal and with economic and political uncertainty to continue for longer, we do not expect to see a sustained pick up in... 16th April 2019 · 1 min read
UK Commercial Property Update Weak sentiment weighing on the leisure sector Weak sentiment and higher vacancy rates point to a softening in leisure rental value growth and higher leisure yields in coming months. In turn, we think that capital values for leisure property could... 11th April 2019 · 1 min read
Europe Commercial Property Update Alternative locations to limit German industrial rents A weak economic environment, and occupiers prepared to look outside traditional industrial locations which offer better value for money, will hold back the growth in prime industrial rents. But tight... 11th April 2019 · 1 min read
UK Commercial Property Update Softening land values point to lower industrial rents As a determinant of industrial rental values, the fact that land values are softening is consistent with our forecast for industrial rental value growth to slow further, especially in the Rest of the... 8th April 2019 · 1 min read
UK Commercial Property Focus Offices the bright spot for Manchester property In relative terms, Manchester has led the way in the recent regional recovery. Even though the outlook for the UK property market is weaker, we expect that Manchester’s regional outperformance will... 5th April 2019 · 1 min read
Europe Commercial Property Update Returns from Italian assets to underwhelm Driven by falls in capital values, total returns from office and retail assets in Italy are forecast to be at the bottom of the euro-zone pack. Industrial returns will be better, but still just below... 4th April 2019 · 1 min read
Europe Commercial Property Update Stockholm offices deserve renewed attention Our latest forecasts paint a bright picture for Stockholm office returns over the next few years, supported by “lower for longer” bond yields and another upgrade to rental value growth. 2nd April 2019 · 1 min read
UK Commercial Property Chart Pack All-property initial yields rise above 5% Yields increased for the second consecutive month across the three main sectors in February. In turn, all-property net initial yields rose to over 5%. This is the highest in a year, but is still lower... 25th March 2019 · 1 min read
UK Commercial Property Update Labour market data positive for London office rents Strong growth in London office-based jobs at the end of last year point to a decent pick up in office rental value growth in central London in the first quarter of 2019. However, with office-based... 20th March 2019 · 1 min read
UK Commercial Property Data Response Commercial property investment (Feb.) February’s investment numbers do not alter the bigger picture that UK commercial property investment activity is trending downwards. And even once Brexit uncertainty is reduced, economic fundamentals... 18th March 2019 · 1 min read
Europe Commercial Property Update Rising prime retail yields to go against the flow Near zero low risk-free rates will support Western European office and industrial pricing, despite a softer rental growth outlook. In contrast, with the retail sector also dealing with structural... 15th March 2019 · 1 min read
Europe Commercial Property Update Retail weakness not just reserved for secondary assets The recent poor performance of “average” retail property will persist over the next few years as investors shy away from risky cash flows. However, we also expect prime high streets to underperform... 13th March 2019 · 1 min read
Europe Commercial Property Update Non-CBD Helsinki to outperform in 2019-20 Helsinki CBD office returns are set to underperform the rest of the city in 2019-20, as the hunt for yield sees investors drive secondary yields lower. However, with prime rents forecast to grow by 3%... 7th March 2019 · 1 min read
Europe Commercial Property Update Are we too pessimistic about UK property yields? Over the last year, UK all-property yields have risen above those in the euro-zone for the first time in a decade and we think this gap will widen. This crossover is unusual, but it largely reflects... 4th March 2019 · 1 min read
UK Commercial Property Chart Pack Uncertainty holding back investment activity Investment market activity was weak in January, with just £2.6bn deals completed. Overseas interest was particularly soft, providing an indication that, as the Brexit deadline approaches, unease may... 27th February 2019 · 1 min read
Europe Commercial Property Update Weaker retail outlook to hold Dublin rents With consumer spending growth slowing and the boost to households from rising house prices fading, we think that prime high street rents in Dublin are likely to plateau over the next couple of years. 26th February 2019 · 1 min read
