Europe Commercial Property Focus Will Munich’s office rental premium over Hamburg continue to grow? Since early 2012, the rental premium commanded by prime office space in Munich over that in Hamburg has grown by almost a third. However, in the next few years both demand and supply fundamentals... 14th October 2015 · 1 min read
Europe Commercial Property Update Will new office development depress rental growth in Poland? The Polish regional cities are seeing strong demand from the BPO/SSC sectors. But the office space development pipeline has responded equally robustly. Therefore, although demand growth is set to... 13th October 2015 · 1 min read
Europe Commercial Property Focus Which markets offer the best relative value to investors? With government and corporate bond yields at all-time lows in most of Europe and equity dividend yields close to their long-term averages, European commercial property looks relatively well-priced... 8th October 2015 · 30 mins read
Europe Commercial Property Update Is rising supply a threat to Central European industrial rental values? Buoyed by strong economic conditions, industrial occupiers in Central Europe are expanding, leading to falling vacancy and rising rents. However, supply is responding. We expect this to curb rental... 1st October 2015 · 1 min read
UK Commercial Property Update How strong are the main regional office markets? In mid-2015, capital value growth in the Rest of the UK office market was roughly half that seen in the South East or London. Yet Manchester and Birmingham are delivering rather stronger rates of... 23rd September 2015 · 1 min read
Europe Commercial Property Update Office employment growth points to further rental value gains The latest euro-zone labour market data show that office jobs are a key driver of overall employment growth in most member states. Moreover, even where office employment is relatively subdued, limited... 15th September 2015 · 1 min read
Europe Commercial Property Update Are we too conservative on the prospects for Swedish retail rents? The Swedish consumer sector is set to perform strongly in the coming years. However, the completion of the Mall of Scandinavia later this year will keep prime retail rental growth in Stockholm muted... 2nd September 2015 · 1 min read
Europe Commercial Property Focus Where is the potential for office rental value growth strongest? An analysis of current office rental values relative to estimates of their equilibrium levels suggests that Madrid, Barcelona, the main German cities and Brussels offer the best medium-term growth... 19th August 2015 · 1 min read
Asia Economics Update Bombings add to Thailand’s economic and political concerns The bombings in Thailand’s capital present a new downside risk to the country’s economic outlook. Not only are the attacks a blow to the important tourism sector, they also add to concerns about... 19th August 2015 · 1 min read
Europe Commercial Property Update Prime Office Rental Growth Hides Finland’s Ugly Truth Finland’s year-long recession has been reflected in weakening demand for commercial property space. Yet, as occupiers have traded-up, prime property has performed exceptionally well. However, we... 18th August 2015 · 1 min read
UK Commercial Property Outlook No sign yet of a peak for capital values Investor demand for UK property shows few signs of waning. So with yields edging lower and occupier market fundamentals strong, the market is unlikely to slow materially in the second half of this... 18th August 2015 · 1 min read
Europe Commercial Property Update Greater scope for prime office yields to narrow in Munich than London The spread between government bond yields in Germany and the UK is less indicative of the relative strength of the two countries’ economic outlooks than it was in the past. As such, in contrast to... 22nd July 2015 · 1 min read
Europe Commercial Property Update Warsaw retail set to benefit from strengthening consumer sector The Polish economy has started the year positively, supported by the recovering consumer sector. We expect further improvement in consumer finances to support retailer demand growth. The effect on... 21st July 2015 · 1 min read
UK Commercial Property Update Are shopping centres the weak link in the retail rental recovery? Shopping centre rental values have yet to find a floor. But with rental values for in-town centres still struggling, while out-of-town rents appear to be staging a recovery, the data are most useful... 20th July 2015 · 1 min read
Europe Commercial Property Update The wait for signs of renewed vigour in Brussels offices goes on Subdued economic growth and similarly weak office sector demand have resulted in muted take-up volumes in Brussels. The slow first half of the year means that we have trimmed our rental growth... 14th July 2015 · 1 min read
Europe Commercial Property Update Cost pressures set to keep German logistics rental value growth subdued German logistics occupier demand should increase over the coming quarters. Yet with the sector already facing pressure from rising wages, occupiers are set to take up space further away from prime... 7th July 2015 · 1 min read
