Charlie Cornes joined Capital Economics in September 2022 as an Assistant Economist within the Property team. Prior to joining the company, he covered the mortgage market as well as the UK economy at UK Finance. Charlie has a BSc in Economics from the University of Bristol.
US Commercial Property Update
Investment set for weak H1 before picking up in late-2023
We expect the slowdown in investment activity in the second half of 2022 to persist into the first half of 2023. But we think transactions will begin to recover later this year once interest rates...
US Commercial Property Outlook
Total returns to turn negative in 2023, led by apartments
The sharp rise in interest rates this year has prompted a price correction, which is now coming through in valuation-based indices. Combined with the mild recession we are forecasting for 2023, this...