Europe Commercial Property Update How big is the threat of zombie malls in Europe? Dire predictions for US shopping centre closures appear relatively well-founded. However, for a variety of reasons – including more defensive lease terms, lower stock per capita and tighter planning... 3rd May 2018 · 6 mins read
UK Commercial Property Update Will Rest of South East offices continue to outperform? Compared to other office markets, the Rest of the South East has been performing well. However, we do not expect this outperformance to last. A fresh surge in occupier demand seems unlikely and, as... 3rd May 2018 · 1 min read
Europe Commercial Property Update How healthy is German industrial demand? Following last year’s fall in take-up, recent signs that the German economy is coming off the boil raise questions about industrial and logistics demand. However, we think that the economic outlook is... 1st May 2018 · 1 min read
Europe Commercial Property Update Prospects for Bucharest industrial rents weakening Strong demand for industrial space in Bucharest has pushed vacancy down to very low levels. Yet prime rents have been flat for the past 18 months as rising capital values have supported new... 26th April 2018 · 1 min read
Europe Commercial Property Update Are Amsterdam office rents getting too high? As the balance of supply and demand in Amsterdam offices shifts yet further in favour of landlords, we expect the vacancy rate to fall to around 4.5% and prime rents to climb to €450/sqm/yr by the end... 19th April 2018 · 1 min read
Europe Commercial Property Update Five more years of pain for Warsaw office rents Demand for office space in Warsaw will continue to grow in the coming years, but this will not be enough to offset around 1m sqm of new stock completing over that same period. In fact, rental value... 13th April 2018 · 1 min read
UK Commercial Property Update Have regional office yields found a floor? According to MSCI, office yields in the Rest of UK office markets have fallen far more sharply over the past year than in the Rest of South East. That has returned the yield spread between the two... 5th April 2018 · 1 min read
UK Commercial Property Data Response Employment (Jan.) Today’s jobs data highlight that tentative signs of a moderation in property investment market activity are not being reflected in, or driven by, occupier fundamentals. If anything, labour shortages... 21st March 2018 · 1 min read
China Economics Update Pain ahead for property developers China’s property sector has had a good couple of years and this has resulted in higher valuations for listed real estate developers. But the recent strength of land sales points, we think, to... 2nd March 2018 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts The IPF consensus has pushed up its forecast for all-property total returns this year, reflecting a less pessimistic outlook for rental growth. But in 2019 and 2020 a gradual upward drift in yields is... 23rd February 2018 · 1 min read
Europe Commercial Property Update Will Berlin’s construction boom topple rental values? Strong occupier demand and higher rents have helped to lift Berlin’s office development pipeline. On its own, the current level of construction is likely to result in a sharp slowdown in rental growth... 22nd February 2018 · 1 min read
UK Commercial Property Update Are Rest of UK office rents pulling their weight? The subdued performance of office rents in Scotland, the West Midlands, and the North East is weighing on the Rest of UK aggregate. Yet, these regions aside, there is clear evidence that the recovery... 16th February 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan.) While January’s £5bn total was particularly strong for the time of year, it is unlikely to mark the start of a renewed upward trend. Highlighting the lack of liquidity in the market, much of the... 13th February 2018 · 1 min read
Europe Commercial Property Chart Pack Diverging fortunes for rental growth Investment activity across the euro-zone reached a new record in 2017. However, fourth quarter activity fell in annual terms for the first time since the financial crisis. Investor appetite for retail... 9th February 2018 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Yield falls not derailed by the slowdown in investment Solid economic growth in both Western and Emerging Europe appears to have continued into Q4. This kept expansionary activity amongst occupiers at strong levels. This, in turn, has driven vacancy rates... 9th February 2018 · 1 min read
UK Commercial Property Outlook Property will hold on to recent gains in 2018 The upswing in commercial property capital values is approaching its end. But unlike past cycles, capital values are more likely to plateau than to fall materially over the forecast horizon, at least... 9th February 2018 · 1 min read
