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
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
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Dec. 24) The fiscal loosening announced in October’s Budget means inflation and gilt yields are now set to be higher than previously expected over the next few years. That will limit yield compression, and the... 19th December 2024 · 1 min read
US Commercial Property Outlook Total returns to turn positive in 2025, but offices still weigh The backdrop to our new real estate forecasts is a small reduction in our GDP forecasts and higher level of interest rates than previously. This weighs on the outlook, and we have trimmed our total... 12th December 2024 · 20 mins read
Europe Commercial Property Outlook Rental growth the key driver of the property recovery The recovery in property values is underway. But we think it will be a weak one, even though several European central banks, including the ECB, are forecast to cut interest rates to a lower level than... 12th December 2024 · 27 mins read
Europe Commercial Property Update Will there be a retail renaissance in Paris? Paris retail rents surged in Q3 raising hopes for a sustained revival. But this jump probably reflects a temporary boost from the Olympics and momentum is expected to fade next year. Despite this, we... 4th December 2024 · 3 mins read
UK Commercial Property Outlook Budget measures to weaken property recovery The fiscal loosening announced in October’s Budget means inflation and gilt yields are now set to be higher than previously expected over the next few years. And with the spread of gilt yields over... 22nd November 2024 · 26 mins read
US Commercial Property Update Which retail cities have performed best? Retail has suffered some severe blows over the last decade, but the nadir for the sector seems to have passed and for some time we have been talking about recovery ahead, albeit a weak one. In this... 20th November 2024 · 9 mins read
US Commercial Property Update Q3 RICS survey suggests market has bottomed The Q3 RICS commercial property survey suggests a recovery is on its way with improvements in both the occupier and investment market headline balances and the majority of respondents believing the... 31st October 2024 · 3 mins read
Europe Commercial Property Update Q3 RICS: Weak occupier demand a risk to recovery The latest RICS survey showed that investor sentiment continued to improve in Europe in Q3, adding to the growing evidence that the market has bottomed. However, declines in reported occupier demand... 31st October 2024 · 4 mins read
Europe Commercial Property Update Rental growth to converge in Spain’s top high streets Prime high street rental growth in Barcelona has outpaced Madrid since late 2022. However, we think rental growth will converge in the coming years as tourism numbers fall back to pre-pandemic levels... 10th October 2024 · 3 mins read
UK Commercial Property Update Retail ‘flight to quality’ limited to shopping centres In contrast to offices, there is less evidence of a ‘flight to quality’ in the overall retail sector. Shopping centres are the exception, where the spread between both prime and non-prime yields, and... 10th October 2024 · 4 mins read
US Commercial Property Update Mall divergence to persist as luxury boosts top-tier assets While we have been talking up the prospects for retail, malls remain the underperforming subsector in our forecasts. But that covers a wide range of likely performance. Indeed, as luxury retailers... 3rd October 2024 · 4 mins read