Europe Commercial Property Update Slow office rental growth in Milan set to continue The Italian economy has started the year on a strong footing. But GDP and employment growth are expected to slow this year. Combined with a rise in completions, that will act as a brake on the pace of... 23rd March 2017 · 1 min read
UK Commercial Property Update Are we underestimating the upside risks for property? Leading indicators of all-property yield movements suggest that yields could harden by 30bp-50bp this year. And provided that rental values grow by around 1%, capital values would rise by up to 10% as... 21st March 2017 · 1 min read
Europe Commercial Property Update Investor intentions show overall demand staying strong The findings of CBRE’s Investor Intentions Survey support some of the key themes and key calls that we have highlighted for 2017 in European real estate markets. 17th March 2017 · 1 min read
Europe Commercial Property Update Regional France retail rental growth to slow from 2018 Weaker real wage growth in France will cause consumer spending growth to slow over the next couple of years. This will lead to softer demand for prime high street units in the French regional cities... 15th March 2017 · 1 min read
Europe Commercial Property Update A positive outlook for Copenhagen retail rents The sharp rise in prime Copenhagen retail rents is difficult to square with national consumer sector trends. But it does seem to reflect Copenhagen’s relatively strong housing recovery and a decent... 10th March 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Feb.) The value of investment in UK commercial property markets rose in February. What’s more, domestic institutions are beginning to dip their toes into the water, and demand from overseas investors has... 10th March 2017 · 1 min read
Europe Commercial Property Update Developers Hungary for returns will dampen Budapest rental growth Higher Budapest office capital values mean that new development is increasingly viable, with developers now in-line to make healthy profits. But, higher levels of supply will cause rents to flatline... 8th March 2017 · 1 min read
Europe Commercial Property Update Are Stockholm CBD offices still a good pick? Robust economic growth and a limited supply pipeline will see Stockholm prime office rents record further gains on top of 2016’s surge. And although a hawkish turn from the Riksbank later in the year... 3rd March 2017 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jan.) Net lending to the property sector contracted by £738m in January. However, we suspect that this reflects a softening in demand for loans on the back of weak investment activity, rather than increased... 1st March 2017 · 1 min read
Non-Euro Europe Commercial Property Outlook Total returns prospects still strong across the region Concerns about higher inflation and potential rises in interest rates have seen bond yields rise in the last few months. Nevertheless, we think the outlook for bond yields and therefore, property... 27th February 2017 · 1 min read
Europe Commercial Property Outlook Rental growth to start driving relative market performance We see euro-zone GDP growth slowing this year due to the drag from higher inflation and political uncertainty. With no monetary policy tightening on the horizon, further falls in prime yields will... 27th February 2017 · 1 min read
UK Commercial Property Chart Pack Capital values up for fourth month With investment activity and yield movements subdued, the latest data were yet another reminder that rental values will be the primary determinant of capital value growth this year. What’s more, this... 27th February 2017 · 1 min read
Europe Commercial Property Focus Have Paris retail rents reached a plateau? Stagnant rental values in the prime Paris retail sector over the past couple of years have seen the view that rental values have reached a ceiling gain momentum. But we believe that the factors which... 20th February 2017 · 1 min read
UK Commercial Property Update London’s employment prospects healthy The rate of employment growth in London has roughly halved since May. However, we think that occupier demand will hold up relatively well. Not only do PMIs point to relatively stable rates of... 17th February 2017 · 1 min read
Europe Commercial Property Update Rise in Dublin industrial rents not finished yet Strong demand resulting from Ireland’s economic recovery combined with limited supply has pushed prime industrial rents in Dublin up by 45% since 2013. Even so, with these tailwinds set to continue... 15th February 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan.) Commercial property investment made a disappointingly weak start to the year. However, we suspect that a lack of opportunity, rather than a lack of demand lies behind the softer data. 13th February 2017 · 1 min read
