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
Affordability adds downside risk to big 6 apartments
We think migration patterns of footloose workers will continue to play the largest role in driving the rental outlook across metros. But rent as a share of income will also have a bearing, weighing on...
US Commercial Property Office Metros Outlook
Western and big six metros set for 25%+ price falls
We have made substantial downgrades to our metro-level forecasts this quarter. The outlook for office-based employment growth has been hit by tech sector struggles, weighing on demand in many western...
US Commercial Property Valuation Monitor
Valuation scores rise, but still some way to go this year
Q4 property valuation scores rose from their Q3 troughs, as equity earnings yields fell and property yields all increased. Even so, that left all major sectors still looking overvalued, suggesting...