US Housing Market Chart Pack House price growth expectations turn negative Stretched affordability continued to weigh on housing market activity in July and August, leaving mortgage applications for home purchase down by 40% from their high in January. A renewed rise in... 9th September 2022 · 12 mins read
UK Commercial Property Update Boom in hybrid working to delay office demand impact Recent surveys suggest that our forecast that 50% of office employees will go into work every day is too high. But it also looks like the vast majority of those working from home will only do so part... 8th September 2022 · 3 mins read
US Housing Market Data Response Mortgage Applications (Aug.) Home purchase applications fell for a fifth consecutive month in August, leaving them down by 40% from their high in January. With mortgage rates once again rising and against a backdrop of stretched... 7th September 2022 · 2 mins read
US Commercial Property Focus Ranking the US’s largest warehousing markets We think that major distribution hubs, where rents are high and availability is low, will underperform their neighbouring markets over the next few years. Tenants will increasingly look past the major... 4th August 2022 · 21 mins read
US Commercial Property Data Response US Metro Employment (Aug.) Delta variant fears resulted in leisure and hospitality employment falling in 12 of the 30 metros. Of these, Atlanta, Austin, Charlotte and Dallas were the worst hit. Leisure and hospitality... 29th September 2021 · 3 mins read
UK Commercial Property Update Remote working one year on A year ago, we were just digesting the impact of remote working, but already permanent change looked likely. And while we know more now and continue to refine our views, we see little reason to change... 23rd June 2021 · 3 mins read
US Commercial Property Update Offices set for a prolonged performance divide The pandemic has heightened occupiers’ focus on the quality and green credentials of the space they occupy. This trend is set to impact on demand, with modern, well-configured buildings with green... 23rd June 2021 · 3 mins read
Europe Commercial Property In which cities will WFH have a larger impact? More working from home will inevitably change cities as we know them. However, cities are more than just workers. This means that cities where a higher share of jobs can be done remotely are not... 5th May 2021 · 4 mins read
Long Run Update Pandemic will not be the death of cities The pandemic – and the associated increase in working from home – may cause a fundamental shift in the way that cities function in future. But this shift will not necessarily trigger a more... 5th January 2021 · 8 mins read
UK Commercial Property Focus Higher online share to boost logistics demand by 15% Virus-driven behaviour changes that support a faster online transition will boost industrial demand over the coming years. But we don’t believe the view that higher online spending will cause rents to... 19th November 2020 · 20 mins read
UK Commercial Property Update Home working to cut office demand by up to 10% An abrupt U-turn on workers returning to their offices last month signalled that the virus will continue to dominate lives in the UK into next year. In fact, we think office working may never quite be... 19th October 2020 · 6 mins read
UK Commercial Property Focus Is COVID-19 the death-knell for physical retail? Retail has been hit hard by the COVID-19 crisis and lasting changes to online spending will bring further pain. While our estimates suggest that the impact is likely to be less severe than structural... 8th October 2020 · 27 mins read
US Commercial Property Update Remote working fatigue won’t derail long-run adoption Low utilization of office space supports our expectations of weak short-term demand. And, despite some firms raising concerns over productivity as the current remote work “experiment” continues, there... 23rd September 2020 · 3 mins read
Europe Commercial Property Focus Remote working poses significant downside to rents As we have argued in our Global Property Focus, we think that some of the increase in remote working seen this year will become a permanent feature of working practices in office-based sectors in the... 14th September 2020 · 17 mins read
US Commercial Property Focus Remote working to hit office income by 20-25% We think that the enforced remote-working experiment of recent months will cause a dramatic demand shift in the office sector, with as many as 50% of office-based employees working from home at least... 6th August 2020 · 25 mins read
UK Commercial Property Update Property after the pandemic Global property markets are expected to see a lasting impact from the effects of the COVID-19 outbreak. Over the coming weeks, we will publish a series of pieces looking at the post-pandemic future... 15th July 2020 · 3 mins read
