UK Commercial Property Outlook

Budget measures to weaken property recovery

The fiscal loosening announced in October’s Budget means inflation and gilt yields are now set to be higher than previously expected over the next few years. And with the spread of gilt yields over...

22nd November 2024 · 26 mins read

US Commercial Property Update

Q3 RICS survey suggests market has bottomed

The Q3 RICS commercial property survey suggests a recovery is on its way with improvements in both the occupier and investment market headline balances and the majority of respondents believing the...

31st October 2024 · 3 mins read

Europe Commercial Property Update

Q3 RICS: Weak occupier demand a risk to recovery

The latest RICS survey showed that investor sentiment continued to improve in Europe in Q3, adding to the growing evidence that the market has bottomed. However, declines in reported occupier demand...

31st October 2024 · 4 mins read

Europe Commercial Property Update

Dutch logistics will continue to outperform

Dutch prime logistics rent growth is set to be among the highest in the region over the next few years. That reflects both strong prospects for leasing, thanks to a bright economic outlook and greater...

17th October 2024 · 3 mins read

US Commercial Property Update

Consumer spending outlook bodes well for industrial rents

Industrial’s shift toward logistics means consumer-focused economic variables have become important drivers of rental growth. Admittedly, employment growth is set to slow. But a combination of...

15th October 2024 · 3 mins read

Global Commercial Property Chart Pack

Global Commercial Property Chartpack (Q3 2024)

All-property values have stabilised in the UK but we expect further falls elsewhere, especially in the US. Combined with a weaker office outlook, the US is set to underperform over the next couple of...

2nd October 2024 · 0 mins read

Europe Commercial Property Update

German logistics to go from leader to laggard

Tight supply conditions have boosted German prime logistics rents despite weak occupier demand. This looks set to continue over the next year or two given completions pipelines for the German markets...

26th September 2024 · 4 mins read

US Commercial Property Update

Innovation clusters to drive flex R&D performance

The flex industrial subsector outperformed most other property types over the last cycle. Its underlying characteristics mean demand and returns will continue to be healthy ahead, though the winning...

25th September 2024 · 3 mins read

Europe Commercial Property Outlook

Industrial to outperform as muted recovery gets underway

After two disappointing years, commercial property values have stabilised. However, the recovery is set to be weak. We think yield falls in the coming years will be small compared to previous...

23rd September 2024 · 28 mins read

UK Commercial Property Chart Pack

UK Commercial Property Chart Pack (Sep. 24)

Yields have now peaked in most sectors and capital values are close to bottoming out. However, with not much prospect for yield compression the recovery will be weak by past standards. Thanks to...

19th September 2024 · 1 min read

US Commercial Property Outlook

Apartments to top the charts with total returns of 9.5% p.a.

There are tentative signs of improvement in the investment market, but we continue to think refinancing requirements will weigh on transactions. We still think appraisal-based valuations need to...

12th September 2024 · 21 mins read

UK Commercial Property Update

Why we are more optimistic on rental growth

Our rental growth forecasts for the industrial and retail sectors are notably above the consensus, particularly over the next couple of years. That primarily reflects our relatively optimistic...

10th September 2024 · 3 mins read

UK Commercial Property Update

IPF Consensus Forecasts (Sep 24.)

The latest IPF Consensus Survey showed forecasters are finally coming around to our long-held view that retail will preform relatively well over the next five years. Total returns for all the retail...

6th September 2024 · 3 mins read

Europe Commercial Property Update

Is industrial demand back on track?

The most recent European industrial take-up figures were slightly more encouraging. We expect activity will continue to slowly improve over the next couple of years, supported by the consumer recovery...

5th September 2024 · 3 mins read

US Commercial Property Update

Dallas tops our updated rankings of 34 industrial markets

The dynamism of the industrial sector means that market-level outperformance is often only achievable for short periods, because either relative value deteriorates or new supply quickly completes...

4th September 2024 · 4 mins read