US Commercial Property Update Q4 RICS survey confirms US CRE recovery is on its way The Q4 RICS commercial property survey saw investment sentiment turn positive for the first time since 2022 and a shift in perceptions of cycle phase, with the majority now believing we have reached... 30th January 2025 · 3 mins read
Europe Commercial Property Update European CRE sentiment too weak to set recovery alight in 2025 The latest RICS survey showed further improvement in occupier and investor demand in Europe. However, with the uptick in sentiment only small, the market looks to be struggling to gain momentum... 30th January 2025 · 6 mins read
UK Commercial Property Update UK industrial investment to remain subdued The latest investment figures suggest an upturn in industrial activity after a long slump. But given both stretched valuations and continued economic uncertainty, it may be too early to rule out a... 29th January 2025 · 3 mins read
US Commercial Property Update Trump and US CRE: Four key client questions The first week of the new Trump administration hasn’t thrown up any huge surprises in terms of policy announcements. But there remains considerable uncertainty about the impact of those policies and... 24th January 2025 · 4 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Jan. 25) The rise in gilt yields since the start of the year will weigh on transactions and put upward pressure on property yields over the next couple of months. But we still think risk-free interest rates... 22nd January 2025 · 1 min read
Europe Commercial Property Update French industrial rent prospects slip down the rankings Slowing economic growth and rising availability will hold back French industrial rental growth this year, with affordability concerns likely to be an additional drag in Paris. This will leave the... 15th January 2025 · 3 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q4 2024) 2024 likely marked the bottom in all-property values in Europe, but we expect further falls in the US in 2025. That said, US performance should improve further ahead, outpacing the euro-zone over the... 9th January 2025 · 1 min read
Europe Commercial Property Update Our key calls for 2025 Against a backdrop of lower interest rates and weak economic growth in much of Europe, we think the recovery in property values will continue at a gradual pace in 2025. Our forecast for euro-zone... 8th January 2025 · 3 mins read
US Commercial Property Update Five key calls for US commercial real estate in 2025 Though we think the market has bottomed, we expect a very weak recovery this year, unlike in other cycles. In fact, we think valuation falls still have further to go, leaving our forecasts generally... 7th January 2025 · 3 mins read
Europe Commercial Property Update Reviewing our key calls for 2024 The end of the downturn in the European property market came in 2024 as forecast, though the euro-zone performed better than we had expected. That primarily reflected the strength of the prime office... 7th January 2025 · 3 mins read
Europe Commercial Property Update Oversupply will keep CEE logistics in a rut in 2025 The non-euro-zone central European logistics markets have been Europe’s worst performing in 2024 as prime rents have fallen across the region. 2025 will herald more of the same, as oversupply keeps... 19th December 2024 · 6 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Dec. 24) 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. That will limit yield compression, and the... 19th December 2024 · 1 min read
Europe Commercial Property Update Trump tariffs would drag on port-centric industrial hubs The incoming Trump administration is threatening to put new tariffs on European exports. In our view, given their limited macroeconomic impact, they will not be a game-changer for commercial property... 18th December 2024 · 4 mins read
US Commercial Property Outlook Total returns to turn positive in 2025, but offices still weigh The backdrop to our new real estate forecasts is a small reduction in our GDP forecasts and higher level of interest rates than previously. This weighs on the outlook, and we have trimmed our total... 12th December 2024 · 20 mins read
Europe Commercial Property Outlook Rental growth the key driver of the property recovery The recovery in property values is underway. But we think it will be a weak one, even though several European central banks, including the ECB, are forecast to cut interest rates to a lower level than... 12th December 2024 · 27 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q4 24) All-property values are down 18% from their mid-2022 peaks. And with appraisal-based cap rates still set to tick higher, we expect further small falls in values. That should take the peak-to-trough... 25th November 2024 · 1 min read
