US Commercial Property Update Industrial demand returning to West Coast ports Congestion at the ports of Los Angeles and Long Beach forced some container ships to reroute to the less busy ports of the Gulf Coast, supporting industrial occupier demand in those markets. But we... 11th May 2022 · 3 mins read
US Housing Market Chart Pack Mortgage rate rise hits housing market activity The rise in mortgage rates, to a 12-year high in mid-April, is now starting to weigh on housing market activity, with new and existing home sales falling back over the past couple of months. With... 10th May 2022 · 9 mins read
US Housing Market Outlook Home sales and prices to cool as affordability worsens Mortgage rates have risen faster than we originally anticipated and we now expect them to peak at 5.6% in mid-2023. That’s below the level of around 6% which we think risks tiggering a housing market... 29th April 2022 · 18 mins read
Europe Commercial Property Update Bright outlook for Belgium industrial rents While economic growth is forecast to slow, limited supply and further strong growth in e-commerce-related demand mean Belgium industrial rental growth is expected to outperform its pre-pandemic... 14th April 2022 · 3 mins read
US Housing Market Chart Pack Mortgage rates set to rise to over 5% Mortgage rates are set to rise to over 5% within the next couple of weeks which will help cool, but not crash, housing market activity. Pent-up demand from the last couple of years as buyers have... 8th April 2022 · 9 mins read
Europe Commercial Property Update Short-term boost to Spanish office rents We think that a rebound in employment will help prime office rental growth in Barcelona and Madrid to outperform the euro-zone this year. But this is likely to be short-lived, as the shift to remote... 8th April 2022 · 3 mins read
US Housing Market Outlook Apartment Metro Outlook Following a surge last year, rental growth at the national level is set to slow over the next couple of years as demand falls back and affordability constraints bite. Alongside a gradual rise in... 7th April 2022 · 11 mins read
US Commercial Property Outlook Office Metro Outlook (Q1 2022) We expect the best performing office markets over the next five years to be in Southern and Western metros, meaning that almost all the new additions to our forecast this quarter will outperform the... 31st March 2022 · 14 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: War reinforces weak values outlook The war in Ukraine will have spillover effects for property in Central and Eastern Europe (CEE), albeit that Russia will be far worst hit. Economic growth is expected to be slower, which will weigh on... 30th March 2022 · 18 mins read
Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Rising pressure on property yields Property demand in the Scandinavian and Swiss markets is expected to hold up this year, as they are more insulated from the negative impacts of the war in Ukraine on economic activity. However... 24th March 2022 · 18 mins read
Europe Commercial Property Outlook War in Ukraine adds to uncertainty; retail most at risk While the direct impact of the war in Ukraine is likely to be small, we think there will be indirect consequences for euro-zone commercial property markets. Economic growth is expected to be slower... 18th March 2022 · 31 mins read
US Housing Market Data Response Housing Starts (Feb.) Housing starts rose by 5.7% m/m in February following two months of declines. While a tight inventory of existing homes is supporting homebuilder confidence, shortages of labour and materials will... 17th March 2022 · 2 mins read
US Commercial Property Outlook Industrial returns to hit 20% in 2022 before plummeting We expect the robust investment activity seen last year, particularly in H2, to persist into 2022. Although this has competed yields to record lows in the industrial and apartment sectors, we still... 15th March 2022 · 22 mins read
US Housing Market Chart Pack Rise in mortgage rates cools housing market activity A rise in mortgage rates to their highest since May 2019 has cooled housing market activity, with mortgage applications for home purchase dropping to a 31-month low in the last week of February... 11th March 2022 · 9 mins read
Europe Commercial Property Update Amsterdam office rental growth to outperform EZ While we don’t think that 2021’s strong pace of prime office rental growth in Amsterdam will be sustained, we still expect growth to outperform the euro-zone over the next couple of years, averaging... 9th March 2022 · 3 mins read
US Commercial Property Valuation Monitor Rising alternative asset yields stretch property valuations There was little change to property valuations in Q4, with two major exceptions. Those were the industrial sector, which saw another decline in its valuation score, and a handful of Southern apartment... 25th February 2022 · 7 mins read
