UK Commercial Property Data Response Lending to commercial property (Sep.) Net lending to UK commercial property was negative for the fourth month in a row in September, probably due to a rise in repayments. We expect further repayments, caution when seeking development... 29th October 2021 · 2 mins read
US Housing Market Outlook Rising mortgage rates will cool house price growth Mortgage rates have risen to a six-month high and will increase further over the next couple of years. While inventory is set to remain tight, cutting the risk of an outright fall in house prices... 28th October 2021 · 18 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) Surveyors reported a continued improvement in occupier demand and investment enquiries in Q3, and notably the net balance for offices turned positive on both measures. That said, surveyors expect... 28th October 2021 · 2 mins read
UK Commercial Property Chart Pack Rental recovery gathers momentum September was another good month for commercial property, with the first year-on-year rental growth recorded since the onset of COVID-19. But as clouds gather over the economic upturn, we suspect that... 22nd October 2021 · 7 mins read
US Commercial Property Data Response Commercial Property Lending (Sep.) Outstanding real estate debt increased for the fourth consecutive month in September, thanks to net lending turning a corner in the residential sector and accelerating in the commercial sector. 15th October 2021 · 2 mins read
US Housing Market Chart Pack Rising mortgage rates will help cool booming prices Mortgage rates are on the rise and we expect they will see further gains to end the year at around 3.5%. That, alongside relatively tight credit conditions, will help cool rampant house price... 15th October 2021 · 9 mins read
UK Commercial Property Data Response Credit Conditions Survey (Q3 2021) An ongoing improvement in credit availability may offset the increase in Bank Rate we expect in 2022. That offers support to our forecast that mortgage rates will remain low. 14th October 2021 · 3 mins read
US Commercial Property Update Four likely winners in retail The retail sector appears to be turning a corner, and we think that convenience-oriented Neighbourhood and Community (N&C) centres, out-of-town retail, “destination”-type malls and retail located in... 8th October 2021 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Sep.) The further drop in the construction PMI in September suggested that the recovery in construction has faltered amid a severe lack of materials and staff, spiralling costs, and softening demand. 6th October 2021 · 2 mins read
US Housing Market Outlook Major Apartment Markets Outlook (Q3 2021) The apartment market is set for a stellar year. The reopening of cities is bringing vacancy rates down and pushing rents up, and strong investor demand has led to a sharp fall in yields. We expect... 1st October 2021 · 8 mins read
US Commercial Property Data Response US Metro Employment (Aug.) Delta variant fears resulted in leisure and hospitality employment falling in 12 of the 30 metros. Of these, Atlanta, Austin, Charlotte and Dallas were the worst hit. Leisure and hospitality... 29th September 2021 · 3 mins read
UK Commercial Property Data Response Lending to commercial property (Aug.) Net lending to property decreased for the third consecutive month in August, driven by falls in both lending for standing investment and development. Looking ahead, we think that tight credit... 29th September 2021 · 2 mins read
US Commercial Property Outlook Major Office Markets Outlook (Q3 2021) With absorption of landlord-held office stock set to remain negative for the foreseeable future, we continue to expect vacancy rates to climb and rents to fall in all six major office markets over the... 27th September 2021 · 16 mins read
UK Commercial Property Chart Pack Industrial leads yield-driven recovery in values The recovery in UK commercial property continued into August, despite a backdrop of more equivocal economic data. But, while the economic softness should be short-lived and returns for 2021 are likely... 24th September 2021 · 7 mins read
US Commercial Property Update Three reasons why Chicago will emerge a winner Chicago’s office market will not escape the gloomy outlook caused by the shift to remote working. But we expect the low level of rents, the small share of jobs in the information sector, and a... 17th September 2021 · 3 mins read
US Commercial Property Outlook Retail on the cusp of a recovery This quarter there are short-term upgrades to all four major sector forecasts for 2021 on the back of strong investor demand for assets, which is driving up prices. Those upgrades mean that returns in... 10th September 2021 · 23 mins read
