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 Office Metros Outlook
Office value falls to exceed 50% in worst-hit cities
The outlook for offices is negative across all markets, but we expect substantial differences across the 17 metros we forecast. We now think Seattle, San Francisco and Austin will see vacancy rise by...
US Commercial Property Outlook
Capital values to fall through 2024 - retail to outperform
With the economy showing signs of slowing and transaction volumes likely to stay low in H2 2023, a tough 6-12 months lies in store for commercial real estate. We still expect cap rates to rise on the...
US Commercial Property Valuation Monitor
US Commercial Property Valuation Monitor (Q3 2023)
Property yields rose across all sectors in Q2. However, for the retail sector this was offset by rises in the 10-year treasury yield. Consequently retail saw a small decline in valuations, whereas...