Europe Commercial Property Update Further rises in property yields still on the cards The weakness in euro-zone investment in Q1 highlights that the pricing correction to date has not been enough to entice investors back to the sector. Lower market interest rates will support the... 2nd May 2024 · 3 mins read
UK Commercial Property Rapid Response Lending to commercial property (Mar. 24) 30th April 2024 · 1 min read
US Commercial Property Update NCREIF Q1 NPI shows more pain to come While the headline of the Q1 NCREIF NPI data (-0.9% q/q total return) suggests we could be near the end of the price falls, we think this simply stored up bigger falls for the rest of the year. The... 26th April 2024 · 3 mins read
US Commercial Property Update Q1 RICS survey highlights diverging market views While overall surveyor sentiment remains negative, the Q1 RICS survey appeared to show a divergence in views between respondents of where in the cycle the market currently is. We think the apparent... 26th April 2024 · 3 mins read
Europe Commercial Property Update Still-weak sentiment consistent with sluggish recovery The latest RICS survey suggested that there was a further improvement in occupier and investment demand at the beginning of 2024. However, the big picture was one of a very weak market, reaffirming... 25th April 2024 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Apr. 24) All-property yields have been broadly stable since the start of the year. Higher-than-expected interest rates mean yields may see a further small rise over the next few months, but we still think they... 24th April 2024 · 1 min read
UK Commercial Property Update Multifamily rents set to outperform New more granular MSCI data shows that the outperformance of residential property over the past decade was primarily down to student housing. Indeed, only in the past couple of years have multifamily... 22nd April 2024 · 3 mins read
UK Commercial Property Update Will the investment recovery be delayed? After a positive end to 2023 commercial property investment has since lost momentum, not helped by a rebound in interest rates. But we still think interest rates will fall back this year and, while... 12th April 2024 · 3 mins read
US Commercial Property Update Consensus still moving in our direction The latest consensus figures have moved closer to our own total returns forecasts for the next three years. But they continue to expect a lower path for Treasury yields implying a smaller cap rate... 9th April 2024 · 3 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Mar. 24) The headline CIPS construction PMI rose to 50.2 in February, the first time it has risen above the no change level since August last year. The rise was driven small improvements across the housing... 5th April 2024 · 1 min read
Europe Commercial Property Outlook Further value falls to come, but should reach trough in H2 Further near-term yield rises will push property values lower in the coming quarters, but better valuations, falling interest rates and improving economic activity suggest a trough should be reached... 21st March 2024 · 31 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Mar. 24) All-property total returns have turned the corner, with a month-on-month rise in January and February. Rental growth is set to continue to ease, but yields are close to a peak and that will remove the... 19th March 2024 · 1 min read
Event Property Drop-In: US CRE Outlook – When’s the recovery? 1710860400 US commercial real estate prices may have fallen 15% from their peaks – led by a 30% plunge in office values – but this isn’t over.
US Commercial Property Update Investment activity unlikely to improve in 2024 Commercial real estate investment saw its worst year in over a decade last year. Most brokers seem to expect a recovery in investment activity this year as the Fed cuts interest rates and distressed... 5th March 2024 · 3 mins read
UK Commercial Property Focus Why this will be the slowest global recovery on record Relatively high interest rates and structural problems within offices will weigh on the commercial real estate recovery over the next three years. Indeed, we forecast the upturn will be weaker than in... 4th March 2024 · 21 mins read
UK Commercial Property Rapid Response Lending to commercial property (Jan. 24) 29th February 2024 · 1 min read