US Commercial Property Office Metros Outlook US Office Metros Outlook: Southern metros set for clear outperformance The divergence between the struggling western metros and the better-performing southern metros remains the key story in office markets. That expectation is underpinned by both higher office... 25th March 2025 · 6 mins read
US Commercial Property Update The biggest cities will continue to underperform Five years ago, we were downbeat about the immediate prospects for the largest city real estate markets, the so-called gateways, and that view has proved correct. But we also argued that this malaise... 5th March 2025 · 5 mins read
US Commercial Property Update Austin knocks Nashville off top spot for US remote workers Our updated analysis of the most attractive apartment markets for remote workers sees Austin nudge Nashville into second place after two years at the top of the table, with San Antonio climbing to... 3rd March 2025 · 3 mins read
US Commercial Property Update COVID five years on: How the pandemic continues to shape real estate markets Five years on from the start of the pandemic and the structural shifts it brought about continue to underpin real estate performance. Over the coming weeks, we will publish a series of pieces that... 5th February 2025 · 3 mins read
US Commercial Property Update How did our 2024 key calls hold up? 2024 was another difficult year for commercial real estate. Although the sector appears to have fared better than we expected, our key calls were broadly right in terms of direction and winners and... 2nd January 2025 · 3 mins read
US Commercial Property Apartment Metros Outlook Atlanta, Dallas, Houston and Phoenix to lead the way Our apartment metro forecasts continue to show significant variation between metros, even within regions. For example, while we expect continued strong demand growth in the South – especially in... 23rd December 2024 · 7 mins read
US Commercial Property Office Metros Outlook Expect huge divergence in performance between metros We expect there will continue to be major divergence between the winning and losing metros. We think the major markets and tech-centric western markets will continue to fare poorly thanks to low... 19th December 2024 · 7 mins read
US Commercial Property Update Which retail cities have performed best? Retail has suffered some severe blows over the last decade, but the nadir for the sector seems to have passed and for some time we have been talking about recovery ahead, albeit a weak one. In this... 20th November 2024 · 9 mins read
US Commercial Property Rapid Response Flagging previous climate risk notes In light of both Hurricanes Helene and Milton we are flagging notes where we highlighted the physical climate risks facing the US. 14th October 2024 · 1 min read
US Commercial Property Apartment Metros Outlook Miami apartment market to feel the heat over 2025-28 Apartment markets are turning a corner, and we now expect the sector to outperform over the five year forecast. As new supply drops back from the second half of next year, we expect a mixture of... 1st October 2024 · 7 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
US Commercial Property Office Metros Outlook Houston rockets to the top of the office rankings Offices are still in for a tough few years, with markets like San Francisco, LA and Seattle likely to come out of the downturn with values down 55% or more from their 2019 peaks. However, there are... 20th September 2024 · 7 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
US Commercial Property Update Immigration will support largest multifamily markets While the headline-hitting surge in immigration last year was mainly driven by a spike in unauthorized movement, legal immigration has picked up from its pandemic lows, which is good news for many... 3rd September 2024 · 4 mins read
US Commercial Property Update Diverse occupier base to support Southern office demand After an already-tough H1 for information sector jobs, we expect the second half of the year to see further cuts, which will be bad news for tech-heavy metros in the West. But a more diverse occupier... 8th August 2024 · 4 mins read
US Housing Market Update Strong supply weighing on house prices in the Sun Belt Significant homebuilding in the Sun Belt region over the past three years has restored housing inventory to pre-pandemic levels, which is why house prices there have stalled. In contrast, markets in... 30th July 2024 · 4 mins read
