US Commercial Property Update Tech sector “remixing” will keep US office job growth weak It may seem odd that tech firms are likely to make further layoffs in 2025, while at the same time being one of the leading sectors for hiring intentions. But this broadly reflects cutbacks in less... 19th February 2025 · 3 mins read
UK Commercial Property Outlook UK Commercial Property Outlook: Weak economy to weigh on property recovery The economic outlook has worsened over the past couple of months, which supports our call that the recovery in commercial property will be modest by past standards. Admittedly, interest rates are set... 19th February 2025 · 26 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q1 2025) Commercial property valuations worsened in Q4 last year as alternative asset yields rose while property yields edged lower, leaving only the prime office sector fairly valued. That said, the falls we... 19th February 2025 · 0 mins read
US Commercial Property Rapid Response Return-to-office headlines obscuring the truth 17th February 2025 · 2 mins read
US Commercial Property Update US office inventory to shrink further by 2030 While 2024 was the first year in which inventory removals outpaced completions, we expect strong conversions activity to make it the first of many. Indeed, thanks to further declines in office... 10th February 2025 · 3 mins read
UK Commercial Property Update Will new London office supply run dry from 2027? The Central London office pipeline looks set to go from feast to famine over the next few years, with a sharp drop in planned completions from 2027. But we doubt new office supply will run dry... 10th February 2025 · 4 mins read
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 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 Downsizing not the only concern for German office demand The underperformance of the German office-based jobs sector since 2019 has been stark and the weak outlook for the economy suggests a material reversal is unlikely in the next five years. This will... 22nd January 2025 · 3 mins read
Europe Commercial Property Update Madrid offices will continue to outperform Madrid has seen some of the region’s strongest prime office rental growth in the recent past. While the factors supporting this surge may weaken slightly over time, we think that rent and returns... 14th 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
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
