UK Commercial Property
...

Limited risks to DM property from Evergrande

The Evergrande crisis has made waves in financial markets this week. But, while the developed property markets we cover may see some short-term upheaval, we think the impacts outside of China are unlikely to be severe or lasting. In view of the wider interest, we are also sending this UK Commercial Property Update to clients of our Commercial Property and Housing Services.
Andrew Burrell Chief Property Economist
Continue reading

More from UK Commercial Property

UK Commercial Property Chart Book

Rental growth hits a three-year high

Commercial property’s recent good run continued in October. The annual rate of rental growth surged ahead after only breaching positive territory for the first time in almost two years during August. However, given the economy’s headwinds over the near term, we suspect that property markets will struggle to maintain their current pace. Once this year’s rebound passes, we expect total returns to soften over the forecast period, as yields stabilise and structural changes within retail and offices weigh on rental growth.

3 December 2021

UK Commercial Property Data Response

Lending to commercial property (Oct.)

A drop in repayments and rise in development activity resulted in positive net lending in October for the first time since March. Despite this turnaround, credit conditions will remain tight and uncertainty about the recovery will continue to weigh on lending in the near term.

29 November 2021

UK Commercial Property Data Response

IPF Consensus Forecasts (Nov.)

The resilience of the commercial property market has led to further upgrades to the IPF Consensus view for this year, albeit still below our forecast. Beyond this year, we are more downbeat about the outlook than the consensus given our expectation that work-from-home will have a more lasting impact on offices.

26 November 2021

More from Andrew Burrell

UK Commercial Property Update

Will the rental backlog derail the retail recovery?

One feature of the COVID-19 era has been persistent non-payment of rents, particularly in the retail and leisure sectors. But we don’t think this will come to a head next year once the eviction ban lifts, as by then the economy should be in better shape and landlords will have little interest in forcing the issue.

17 September 2021

UK Commercial Property Update

Are we underestimating the global property upturn?

The most recent commercial property data have been surprisingly upbeat and have raised the possibility that the recovery could be stronger than expected. But we think investors may have run ahead of themselves and this trend is unlikely to be sustained given the weak rental outlook. In view of the wider interest, we are also sending this UK Commercial Property Update to clients of our US Commercial Property service & European Commercial Property Service

16 September 2021

UK Commercial Property Update

What will happen to submarket rents after COVID-19?

With more hybrid working post-pandemic, the view is that office rents will be under pressure for many years. This raises questions about which locations could be more resilient and if rents in central business districts (CBDs) will perform better than elsewhere.

In view of the wider interest, we are also sending this UK Commercial Property Update to clients of our European Commercial Property service.

8 September 2021
↑ Back to top