Europe Commercial Property Update Is there any value left in Dublin offices? Over the past three years office capital value growth in Dublin has far outpaced other euro-zone markets. Yet with the vacancy rate at its lowest point in 15 years, and GDP set to average 4.3% over... 6th January 2016 · 1 min read
Europe Commercial Property Update Anaemic Belgian consumer sector suggests further retail weakness Muted economic growth in the next two years will prevent Belgian high streets from seeing much of an improvement in demand for space. As a result, we expect prime retail rental values to rise by only... 24th December 2015 · 1 min read
UK Commercial Property Chart Pack Yield impact fading but rents and rates remain supportive The upswing in the rental recovery seems to be close to its peak. This, however, does not imply that rents are set to correct as the positive economic outlook should continue to underpin rental growth... 23rd December 2015 · 1 min read
Europe Commercial Property Update What do the latest office jobs data say about rental prospects in 2016? The latest employment data show that office employment is far outpacing total jobs growth in most euro-zone economies. And, even in economies such as Germany and France, where office jobs growth has... 23rd December 2015 · 1 min read
UK Commercial Property Update Where are capital growth prospects brightest outside of London? Combining a simple assessment of relative yields with the outlook for job creation, and thus occupier demand, suggests that Leeds and Bristol are the two non-London markets with the most upside... 18th December 2015 · 1 min read
Europe Commercial Property Update Dublin industrial total returns set to overtake office and retail The outlook for Dublin industrial rental growth is supported by the fact that supply conditions are tighter than the 15% vacancy rate alone might suggest. And with ample scope for yield compression as... 10th December 2015 · 1 min read
Europe Commercial Property Update Evolving retail sector causing locational shift in Danish logistics The construction of modern logistics space along the E20 corridor, south-west of Copenhagen, is transforming the region into the destination of choice for occupiers. With demand growth set to remain... 8th December 2015 · 1 min read
Europe Commercial Property Update Can prime retail rental values continue to rise in the euro-zone? Euro-zone retail sales are likely to remain fairly weak in the next couple of years. However, due to structural changes in the retail sector, expansionary retailers will continue to compete to secure... 4th December 2015 · 1 min read
Europe Commercial Property Update Office rents in Switzerland have further to fall The latest data from Switzerland show that the removal of the euro exchange rate ceiling has taken its toll on the economy, and we expect that there is further weakness to come. Accordingly, even with... 2nd December 2015 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Oct.) Lending to commercial property in net terms contracted in October, in line with lending to the economy as a whole. Indeed, banks’ exposure to the sector continues to fall, with lending to development... 30th November 2015 · 1 min read
Non-Euro Europe Commercial Property Outlook Yield compression to slow in 2016 Since our last Analyst, the greatest change has been to our yield forecasts, which are now expected to decline further than previously expected in the next couple of years. We also envisage them... 23rd November 2015 · 1 min read
Europe Commercial Property Outlook Capital value growth set to peak in 2015 Compared to our last Analyst, we have increased our expectations for yield compression over the next two years. Yet in most markets, lower yields in 2017 will lead to greater upward yield pressure in... 20th November 2015 · 1 min read
UK Commercial Property Update What can retail sales data tell us about shopping centre rents? The strength in headline retail sales volumes is at odds with shopping centres’ poor rental performance. This is due to the fact that sales of items that form the core of shopping centres’ offering... 19th November 2015 · 1 min read
UK Commercial Property Outlook Property well placed to withstand rate rises The commercial property market seems to be at a point of transition, which will be characterised by yield-driven gains in capital values giving way to capital value growth that is driven largely, if... 18th November 2015 · 1 min read
Europe Commercial Property Update Have Paris office rents finally turned a corner? The French economy is growing, but slowly, and employment growth will therefore not be particularly strong. However, with signs of a recovery in occupier activity and a tight CBD market, we expect... 13th November 2015 · 1 min read
UK Commercial Property Update London’s growing office pipeline not (yet) a cause for concern Construction in London rose sharply over the last six months. That said, fears about oversupply in London’s office market overlook the fact that completions do not deliver a one-for-one rise in stock... 12th November 2015 · 1 min read
