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
UK Housing Market Update Are UK and US households still keen to pay more for living space? The ‘race for space’ following the pandemic and shift to remote work is evident in both the UK and US, with houses becoming more expensive relative to flats. And that premium for larger homes looks... 4th 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 Rapid Response Return-to-office headlines obscuring the truth 17th February 2025 · 2 mins read
UK Commercial Property Update Retail is back, but online will remain a drag into the 2030s Five years ago, the retail sector was staring at the abyss, as lockdowns and virus-related restrictions worsened what was already a crisis in demand. The turnaround since has been dramatic. But while... 12th February 2025 · 5 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
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
Europe Commercial Property Update Risks to European hotel resurgence A strong recovery in occupancy and operating performance following the pandemic has helped European hotels to outperform other sectors on average since 2022. However, this rebound is now fading and... 8th November 2024 · 4 mins read
UK Commercial Property Update Will remote work go into reverse? We doubt the announcement by Amazon that it is requiring office-based workers to return full-time marks the start of a reversal in the remote work share. It is far from clear that requiring five days... 18th September 2024 · 4 mins read
Europe Commercial Property Update Office utilisation rising but space cutting to drag on European office occupier surveys reveal that office attendance and utilisation has continued to rise over the past year and that it could still improve a bit further. However, despite the rise in... 12th August 2024 · 3 mins read
Europe Commercial Property Update Office conversion proceeding faster than expected We have been sceptical of the viability of conversion of excess office space into residential units. But the latest figures indicate that, despite marginal financials, there may have been more... 1st August 2024 · 6 mins read
Europe Commercial Property Update CBD shift clearest in the largest office markets At the end of the pandemic, there was a view that remote working would drive a wedge between CBD and other submarket rents. The evidence of this remains uneven. But in some cities, notably Paris and... 31st July 2024 · 3 mins read
US Commercial Property Update Flight to more affordable South set to continue Many households have left western metros in favor of those in the South over the past two years. With remote working looking like a permanent fixture of office-based jobs and affordability... 16th July 2024 · 4 mins read
US Commercial Property Update Strong US dollar to weigh on hotel recovery; West to trail After a strong recovery post-pandemic, momentum in hotel revenue growth is likely to remain subdued over the next few years. With a stronger US dollar hindering the revival of the tourist industry, we... 25th June 2024 · 4 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
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
