UK Commercial Property Update Jobs data provide better read on London office demand Take-up numbers appear to be overstating the strength of underlying occupier demand in London’s office markets. Indeed, the solid, but less buoyant employment data is more consistent with the subdued... 4th October 2018 · 1 min read
Europe Commercial Property Update Lyon offices to benefit from pickup in French growth The French economy has disappointed so far this year, but we expect stronger growth in the second half of the year and into 2019. This will be positive for the regional office markets such as Lyon... 2nd October 2018 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Sep.) September’s fall in the headline construction PMI does not alter the fact that construction activity has improved taking Q3 as a whole. Current demand conditions also appear to have improved, but... 2nd October 2018 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Aug.) Net lending to property increased strongly in August. However, the details show that the increase was driven by lending for standing property, while net lending for development declined for the fourth... 1st October 2018 · 1 min read
Europe Commercial Property Update Prospects for Dutch retail rents revised lower Changing shopping patterns and pockets of new supply in both Amsterdam and Rotterdam have meant that Dutch high street rents have not performed as well as might be expected given the strong consumer... 26th September 2018 · 1 min read
Europe Commercial Property Update Lisbon retail tailwinds fading Lisbon was one of the best performing retail markets last year, as high street rents rose by 14%, reflecting healthy retailer activity. But with the strength of key drivers fading, we expect rental... 24th September 2018 · 1 min read
UK Commercial Property Update Hotel capital value growth appears to have peaked Recent weak tourism numbers paint a subdued picture of demand in the hotel sector. But the softness appears to reflect a return to more normal levels, rather than being an indication that hotel demand... 21st September 2018 · 1 min read
Europe Commercial Property Update Will euro-zone office yields still rise in 2019? Our updated yield model points to prime euro-zone office yields rising by only around 5bps by the end of 2020. This is notably less than our forecast, which points to a rise of 20bps in the same... 20th September 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Aug.) The combined value of deals completed for UK commercial property in August surged by £1.5bn, or by 44% compared to the previous month. But, that improvement was driven almost entirely by a single deal... 17th September 2018 · 1 min read
Europe Commercial Property Update Retail in Warsaw and Krakow trading places The full impact of Poland’s new Sunday trading laws is yet to become clear. But, coupled with a large pipeline in Warsaw, we think that rental growth in the capital will slow to 1.5% in both 2019 and... 14th September 2018 · 1 min read
UK Commercial Property Update Industrial development activity set to improve The pace of development activity in the industrial sector has softened over the past year. However, leading indicators suggest that a recovery in activity may be in sight. So, although the outlook for... 10th September 2018 · 1 min read
Non-Euro Europe Commercial Property Outlook Structural changes favour the industrial sector Rates of rental and capital value growth are set to slow in Scandinavia and Switzerland, but Copenhagen industrial property still looks attractive. Total returns will be higher in Emerging Europe... 7th September 2018 · 1 min read
Europe Commercial Property Outlook Yield compression all but done The pace of economic growth in the euro-zone economy appears to have peaked in this cycle. At the same time, commercial property markets look to be plateauing as investment volumes track sideways and... 7th September 2018 · 1 min read
UK Commercial Property Update Little upside for retail warehouse rental growth After growing around 1% y/y for the past three years, annual retail warehouse rental value growth slowed sharply in Q2. Some recovery in rental value growth is expected as real wage growth has turned... 31st August 2018 · 1 min read
Europe Commercial Property Update Helsinki returns slowing, but still above the pack In the middle of last year, Helsinki offices stood out as a strong late-cycle play. But with the positive yield gap to Stockholm now closed, that opportunity has passed. Nevertheless, in the absence... 29th August 2018 · 1 min read
UK Commercial Property Chart Pack Investment activity slumps The value of commercial property deals disappointed in July. At just £3.5bn, the value of investment was 12% lower than a year ago. The weakness was broad-based. In particular, the value of office... 24th August 2018 · 1 min read
