UK Commercial Property Update Shopping centre rental recovery peters out In contrast to shops and retail warehouses, the nascent recovery in shopping centre rents has already faded. The shift to remote work and greater exposure to online competition has led to relatively... 14th August 2023 · 3 mins read
Europe Commercial Property Update Will the Olympics boost Paris prime retail rents? While Paris rents have been flat for some time, there are signs that the post-pandemic rebound in tourism is starting to boost high street luxury retail. And the upcoming Paris Olympics in 2024 will... 8th August 2023 · 3 mins read
Europe Commercial Property Update Where are out of town retail prospects brightest? Out of town retail has been among the hardest hit commercial sectors since 2020, but with considerable variation among subsectors. While a weak consumer backdrop will drag on near term rent growth... 17th July 2023 · 3 mins read
Europe Commercial Property Outlook Price falls slowing but poor rent outlook to drag on recovery The slowdown in rent growth at the start of this year is likely to persist given the weak economic backdrop. And although the property price correction has slowed, we think stretched valuations will... 3rd July 2023 · 35 mins read
US Commercial Property Outlook Capital values to fall by another 15%, offices to fare worse The effects of March’s regional bank failures have yet to come through in the performance data, but transaction volumes have fallen off a cliff. Signs of distress in offices are growing as the sector... 29th June 2023 · 20 mins read
US Commercial Property Update Office values unlikely to regain their peaks even by 2040 The reduction in office demand due to remote work will cause a hit to net operating incomes on a par with, or worse than, that experienced by malls over the last six years. And in line with the... 22nd June 2023 · 4 mins read
UK Commercial Property Update Will less generous online returns help retail property? Recent economic difficulties have forced online retail to tighten their returns policies. At face value, this seems good news for retail property as it may shift demand back to stores for certain... 8th June 2023 · 3 mins read
Europe Commercial Property Valuation Monitor Valuations continue to improve but remain stretched European property valuations continued to improve in Q1 on the back of further increases in property yields as well as falls in government bond yields. Nonetheless, all office and industrial markets... 31st May 2023 · 5 mins read
UK Commercial Property Outlook Dogged inflation means more yield rises to come Higher-than-expected core inflation means interest rates are now set to be higher for longer and we still think the economy will enter a mild recession later this year. That’s not a great backdrop for... 30th May 2023 · 24 mins read
Europe Commercial Property Chart Pack Scandinavia & Switzerland: Yield surge cools As in the euro-zone, the rise in prime property yields in Scandinavia slowed sharply in Q1 after the surge in H2 2022. Along with decent gains in rents, where Oslo offices and industrial saw the... 26th May 2023 · 6 mins read
US Commercial Property Chart Pack Weak Q1, but bigger price falls to come in Q2 The economy has been relatively resilient so far, but with the banking turmoil set to weigh on activity, we continue to expect a recession this year. Slower growth has already translated to softer... 19th May 2023 · 10 mins read
Europe Commercial Property Chart Pack Capital value falls slow, but further weakness ahead Capital value falls slowed in Q1 as the surge in euro-zone all-property yields cooled. But, with rent growth decelerating across all sectors, the increase in yields was still enough to drive another 4... 19th May 2023 · 10 mins read
UK Commercial Property Update Early yield correction gives retail an advantage A fall in consumption this year will weigh on the retail sector, but an earlier correction in yields and rents mean it is less vulnerable to the recession. Indeed, it was the only sector to see a fall... 24th April 2023 · 3 mins read
US Commercial Property Outlook Office values set to tank over the next two years We have made substantial downgrades to our forecasts this quarter. Aside from their direct impact through tighter lending conditions, last month’s regional bank failures appear to be helping... 6th April 2023 · 23 mins read
Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Shallower downturn, but returns to lag Property values fell sharply in Scandinavia and Switzerland last year, but with valuations still stretched and financing set to remain challenging, we think yields will climb higher. And with economic... 4th April 2023 · 19 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Milder downturn, slower recovery Emerging Europe has seen less steep falls in values than elsewhere so far, but will not be immune in 2023. Higher interest rates and economic weakness mean these markets will have a challenging year... 31st March 2023 · 19 mins read
