Europe Commercial Property Update RICS survey sours on France, turns upbeat on values The Q2 RICS survey showed that sentiment toward offices is improving – occupier demand balances saw the largest sectoral rise and rent and value growth expectations were raised. With year-ahead... 25th July 2024 · 4 mins read
UK Commercial Property Update Do the latest job figures hint at weaker office rents? UK employment has faltered of late and, though growth is expected to improve, no return to the buoyancy of the recent past is in prospect. While headcount has become a weaker indicator of office... 10th July 2024 · 3 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack The slower adjustment to past rises in interest rates and a sharper hit to office demand is set to weigh on US property returns over the next couple of years. Overall, the UK is set to outperform over... 3rd July 2024 · 1 min read
Europe Commercial Property Update Benelux prime office rent outperformance to wane A soft start to 2024 for office demand and weak jobs outlook in Benelux suggest that recent rental outperformance will not last. With supply also rising, we think prime rental growth will slow to... 27th June 2024 · 3 mins read
Europe Commercial Property Update Munich office rent boom has further to go, Berlin trails We are generally pessimistic about the rental outlook in Germany, however, this conceals large variance across cities – most notably for offices between leader Munich and laggard Berlin. Munich prime... 25th June 2024 · 3 mins read
US Commercial Property Office Metros Outlook Southern metros set to outperform The office sector faces another two years of value falls, led down by Seattle and San Francisco, where cumulative declines will be around 25%-30%. But our latest forecasts highlight the brighter spots... 20th June 2024 · 7 mins read
US Commercial Property Update Downtowns will recover, but not any time soon The gap between downtown and suburban office vacancy rates has widened alarmingly since 2020. This reflects pandemic-driven changes to working patterns, exacerbated by the cyclical slowdown. In our... 18th June 2024 · 3 mins read
UK Commercial Property Update London office starts spell trouble for non-prime space The latest Crane Survey reported that a record high 16.4m sq. ft. of London office space was under construction in Q1. That in part reflects developers delaying projects until the demand outlook... 13th June 2024 · 3 mins read
Europe Commercial Property Outlook End of the correction in sight, but outlook remains gloomy The price correction showed signs of stabilisation in early 2024, but we think further, albeit much smaller, value falls are to come as yields edge a bit higher. Values should bottom by year-end, but... 13th June 2024 · 32 mins read
US Commercial Property Outlook Property values on course to fall by more than 25% The market remains in the doldrums, with the mood negative and activity weak. We think this summer could be the bottom for transactions, but we still see valuations needing to fall by another 12% from... 11th June 2024 · 21 mins read
Europe Commercial Property Update Tables turning in favour of southern European offices Indications that take-up stabilised across many markets in Q1 were encouraging. However, looking ahead we think the prospects for occupier demand are better in southern European markets. 6th June 2024 · 3 mins read
US Commercial Property Update How much office space will be needed by 2030? Our 2020 analysis of the impact of changed working patterns on office demand correctly estimated the share of fully remote work, but underpredicted the extent of hybrid work. Yet with office job... 5th June 2024 · 5 mins read
UK Commercial Property Outlook Residential outperforms within a modest recovery Capital values for most property sectors are now close to bottoming out, but with yields set for a period of stability the recovery will be modest by past standards. We expect all-property total... 30th May 2024 · 27 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q2 24) Weak investment activity and continuing cap rate rises in Q1 fit with our view for another tough year for real estate. All-property values are now down by 17% from their mid-2022 peaks. But we still... 22nd May 2024 · 1 min read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q2 2024) Smaller property yield rises and still-solid rental growth left all-property capital values little changed in Q1, a notable improvement on the sharp falls seen since mid-2022. However, we think... 22nd May 2024 · 0 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q2 2024) Property valuations were little changed in Q1 2024, failing to build upon the considerable improvement in 2023. Property yields increased further, but the smaller rise failed to offset gains in... 16th May 2024 · 0 mins read