UK Commercial Property Update Will less generous online returns help retail property? Recent economic difficulties have forced online retail to tighten their returns policies. At face value, this seems good news for retail property as it may shift demand back to stores for certain... 8th June 2023 · 3 mins read
Europe Commercial Property Update Manufacturing headwinds for German industrial rents Early 2023 data revealed that the German industrial market has slowed considerably following the exuberance of a year ago. And looking ahead the outlook is not much brighter. We were already... 5th June 2023 · 3 mins read
Europe Commercial Property Valuation Monitor Valuations continue to improve but remain stretched European property valuations continued to improve in Q1 on the back of further increases in property yields as well as falls in government bond yields. Nonetheless, all office and industrial markets... 31st May 2023 · 5 mins read
UK Commercial Property Outlook Dogged inflation means more yield rises to come Higher-than-expected core inflation means interest rates are now set to be higher for longer and we still think the economy will enter a mild recession later this year. That’s not a great backdrop for... 30th May 2023 · 24 mins read
Europe Commercial Property Chart Pack Scandinavia & Switzerland: Yield surge cools As in the euro-zone, the rise in prime property yields in Scandinavia slowed sharply in Q1 after the surge in H2 2022. Along with decent gains in rents, where Oslo offices and industrial saw the... 26th May 2023 · 6 mins read
US Commercial Property Chart Pack Portland, San Francisco and Seattle off to a bad start Metro level data for Q1 2023 showed the slowdown in occupier demand was widespread, with no market consistently outperforming across the sectors in terms of absorption. While office and industrial... 24th May 2023 · 6 mins read
US Commercial Property Chart Pack Weak Q1, but bigger price falls to come in Q2 The economy has been relatively resilient so far, but with the banking turmoil set to weigh on activity, we continue to expect a recession this year. Slower growth has already translated to softer... 19th May 2023 · 10 mins read
Europe Commercial Property Chart Pack Capital value falls slow, but further weakness ahead Capital value falls slowed in Q1 as the surge in euro-zone all-property yields cooled. But, with rent growth decelerating across all sectors, the increase in yields was still enough to drive another 4... 19th May 2023 · 10 mins read
US Commercial Property Update Manufacturing will boom while incentives last The sharp rise in US manufacturing construction over the past two years is likely to continue into the medium term as firms take advantage of favourable government incentives. But as these expire... 12th May 2023 · 4 mins read
UK Commercial Property Update Is industrial still dangerously overvalued? Substantial yield compression over the past two years meant that by the middle of 2022 industrial had become the most overvalued sector since our measure began in 1992. That helps explains the... 11th May 2023 · 3 mins read
Europe Commercial Property Update Strong supply to drag on Spanish industrial rents Industrial occupier demand in Spain is set to slow sharply this year and next, as the economy falls into recession. And with both Madrid and Barcelona poised to see a record level of speculative... 25th April 2023 · 3 mins read
US Commercial Property Outlook Office values set to tank over the next two years We have made substantial downgrades to our forecasts this quarter. Aside from their direct impact through tighter lending conditions, last month’s regional bank failures appear to be helping... 6th April 2023 · 23 mins read
Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Shallower downturn, but returns to lag Property values fell sharply in Scandinavia and Switzerland last year, but with valuations still stretched and financing set to remain challenging, we think yields will climb higher. And with economic... 4th April 2023 · 19 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Milder downturn, slower recovery Emerging Europe has seen less steep falls in values than elsewhere so far, but will not be immune in 2023. Higher interest rates and economic weakness mean these markets will have a challenging year... 31st March 2023 · 19 mins read
Europe Commercial Property Outlook Slower yield rises but values to fall further as rents stagnate With valuations still highly stretched and rent growth likely to slow as the region falls into recession, we think capital values will fall further in 2023. While the 4.5% decline forecast at the all... 24th March 2023 · 3 mins read
Event Property Drop-In: What are the risks around commercial real estate? 1680015600 A degree of calm has returned to markets, but investors remain nervous about where the next blow-up could occur – and attention is increasingly focused on commercial real estate. But are the c
