UK Commercial Property Update Offices see biggest fall in our rental downgrade With interest rates now higher, we have made downgrades to our forecast for UK GDP growth. We expect that this will bring a sharper deceleration in rental growth at the all-property level, with falls... 17th October 2022 · 3 mins read
US Commercial Property Update Structural change and higher rates still key to sector returns The weaker economic growth outlook will weigh most heavily on the retail and apartment sectors, where we have made the largest downgrades to our rental growth forecasts. But the relatively small size... 14th October 2022 · 3 mins read
Europe Commercial Property Update Gloomy outlook for Prague office rents The post-pandemic rebound in the Prague office market is likely to prove short-lived. With the Czech economy slowing and employment expected to contract, occupier demand will soften just as new office... 14th October 2022 · 3 mins read
US Commercial Property Update Growth downgrades to dent real estate returns in 2023 With a mild recession now built into our forecast, the outlook for commercial real estate performance has worsened. But because this is a relatively small downgrade and it is joined by an expectation... 12th October 2022 · 3 mins read
Europe Commercial Property Focus Where are industrial rental prospects strongest? We think online demand will continue to be an important driver of relative rental prospects in European industrial markets as we move into the post-pandemic era. But the outlook for traditional demand... 12th October 2022 · 14 mins read
US Commercial Property Update Falling rent-frees do not point to an office recovery REIS data show rent-free periods dropped back in the first half of the year, hinting at a tightening market. But with occupiers still rationalising their office portfolios, we expect vacancy to tick... 6th October 2022 · 5 mins read
US Commercial Property Update Charlotte office rental growth to outpace US average We think the Charlotte office market will continue to outperform the US average, as firms capitalise on the city’s affordability and position as a prominent financial district. As such, even though... 5th October 2022 · 3 mins read
US Commercial Property Outlook Dallas offices set to lead the pack for rents and returns The overriding story this quarter is that although weak demand and steady inventory growth in the next couple of years will push up vacancy in many metros, we still see asking rents growing solidly as... 23rd September 2022 · 14 mins read
UK Commercial Property Chart Pack Yields make decisive move up All-property yields saw a large rise in August, as concerns around valuations increased. (See Chart 1.) And, with the energy support package set to boost interest rates and the economy probably... 22nd September 2022 · 8 mins read
US Housing Market Outlook Phoenix knocked off top spot by southern markets We expect a sharp slowdown in apartment rental growth across the board, as job growth slows, affordability constraints bite and an influx of supply pushes up vacancy. But some markets will perform... 16th September 2022 · 15 mins read
UK Commercial Property Update Supermarkets one winner from cost-of-living crisis After reaching close to a record high at the start of 2021, the gap between supermarket and all-retail equivalent yields has since fallen back to its pre-COVID-19 level. That is likely to reflect the... 16th September 2022 · 3 mins read
UK Commercial Property Update Energy price cap worsens the property outlook By boosting real disposable incomes, the energy price cap will give some support to commercial rents, particularly in consumer-facing sectors such as leisure and retail. However, that benefit needs to... 14th September 2022 · 3 mins read
Europe Commercial Property Update Renewed weakness ahead for German retail The rapidly worsening economic backdrop has put the brakes on Germany’s prime retail recovery. After showing strength in the second half of last year, take-up has now slowed in most of the main... 9th September 2022 · 3 mins read
US Commercial Property Chart Pack Recoveries still lagging in the major coastal markets Q2 data showed a mixed picture across the three sectors. For offices, the northern coastal markets continue to lag, with rent growth turning positive but still weaker than most other markets. Houston... 24th August 2022 · 7 mins read
US Commercial Property Chart Pack Property yields set to rise in H2 As the economy slowed in Q2 and interest rates rose, investors appear to have become less willing to compete property yields lower and investment volumes look close to turning. While occupier demand... 22nd August 2022 · 10 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
