European Commercial Property
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Is southern Europe finally embracing e-commerce?

While COVID-19 has forced consumers in southern Europe to shop online, we think that e-commerce penetration will remain lower for structural reasons, which is one reason why prime retail rents in these markets will be more resilient in the long-term.
Yasemin Engin Property Economist
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European Commercial Property Update

Why are prime industrial rental values not taking off?

Despite strong demand, we think that high capital values have kept development profitable and have prevented an acceleration in euro-zone prime industrial rental value growth. However, as capital value growth slows there is a risk that some markets will see more upward pressure on rents.

15 October 2021

European Commercial Property Update

Wider market confirms recovery in prime data

The latest MSCI data show that the wider market has moved roughly in line with our prime data since the onset of the pandemic and provide support to our outlook for property values.

14 October 2021

European Commercial Property Update

CEE investment recovery to pick up from 2022

We think a greater reliance on foreign capital and tighter monetary conditions will leave CEE investment activity lagging the euro-zone in H2. Overall, transactions are set to end the year 5% lower than their already weak 2020 levels, before catching up with the euro-zone recovery next year.

8 October 2021

More from Yasemin Engin

European Commercial Property Update

Flight to quality in Barcelona offices to be short-lived

Last year, rents held up better in Barcelona’s CBD, and we expect this trend to continue this year. That said, higher rents in the CBD mean that they are also likely to be hit harder from the shift to remote working and associated reductions in office space, meaning the gap will close again in the future.

13 May 2021

European Commercial Property Update

Prague industrial rents to keep growing this year

Following stronger than expected Q1 data, we have revised up our rental forecast for 2021. And Prague’s low costs and constrained supply means that we think rental growth has further to go this year.

6 May 2021

European Commercial Property Update

Vienna office rental growth on hold until 2022

The poor near-term economic backdrop means that occupier activity will remain weak this year. But we think that the tightness in supply will prevent office rents from falling and support rental growth beyond this year.

28 April 2021
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