Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Sharper value falls to come in 2023 Property values in Scandinavia and Switzerland have taken a hit as yields jumped in recent quarters. With valuations still stretched, we are forecasting a further 50bps and 30bps of rises at the all... 16th December 2022 · 2 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Retail better placed as yields rise Property yields have risen on the back of higher interest rates and have started to drag materially on values. We expect this to continue in 2023, as valuations are still highly stretched. Given... 14th December 2022 · 2 mins read
Europe Commercial Property Outlook Values to fall sharply as yields rise and recession hits Higher interest rates have already resulted in a sharp property repricing in 2022. And with valuations still highly stretched and rental prospects weaker given the imminent recession, we think values... 9th December 2022 · 33 mins read
US Commercial Property Chart Pack Downturn starting to weigh on West Coast markets Third quarter data showed growing evidence of a softening in tenant demand in many metros. In particular, demand appears to be slowing in a number of West Coast markets, as hybrid and remote work... 29th November 2022 · 6 mins read
UK Commercial Property Outlook Recession to hit rental growth as yields rise The surge in interest rates in recent months has quickly been reflected in property yields, and as a result we have brought forward some of our forecasted rise in yields from 2023 into 2022. But with... 28th November 2022 · 28 mins read
Non-Euro Europe Commercial Property Chart Pack Emerging Europe: Capital values fall in most of CEE Property yield rises stepped up in Q3, causing all-property capital values to fall on a quarterly basis in the CEE markets except for Bucharest. This was despite solid office and industrial rental... 23rd November 2022 · 5 mins read
US Commercial Property Chart Pack Capital value falls set to accelerate The sharp rise in Treasury yields this year has finally begun to feed through to the property data. Q3 investment activity fell by more than 20% on both a q/q and y/y basis, with loan originations... 22nd November 2022 · 10 mins read
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: Property yields jump Prime property yields rose significantly in Q3. This caused a sharp slowdown in capital value growth, even though rental growth was solid in the Scandinavian office and industrial sectors. Stockholm... 22nd November 2022 · 5 mins read
Europe Commercial Property Chart Pack Sharpest fall in all-property values since 2009 Q1 Higher interest rates and a weaker outlook for economic activity led to a more significant rise in property yields in Q3. While quarterly rental rises remained solid, particularly for offices and... 18th November 2022 · 9 mins read
UK Commercial Property Update Industrial set to underperform Industrial demand is relatively well-placed to weather the upcoming recession. Vacancy is low going into the downturn and the gradual shift to online shopping will continue. It should therefore be the... 26th October 2022 · 3 mins read
US Commercial Property Update Structural change and higher rates still key to sector returns The weaker economic growth outlook will weigh most heavily on the retail and apartment sectors, where we have made the largest downgrades to our rental growth forecasts. But the relatively small size... 14th October 2022 · 3 mins read
Europe Commercial Property Focus Where are industrial rental prospects strongest? We think online demand will continue to be an important driver of relative rental prospects in European industrial markets as we move into the post-pandemic era. But the outlook for traditional demand... 12th October 2022 · 14 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Retail comeback delayed A further deterioration in the economic backdrop is set to weigh on property rental growth, especially in the consumer-facing retail sector where we have revised down our rental forecasts in the near... 23rd September 2022 · 19 mins read
Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Property values set to fall in 2022-23 This email is being resent due to an error with the previous publication The latest data suggest that a property repricing is already underway in response to higher interest rates and stretched... 22nd September 2022 · 18 mins read
UK Commercial Property Chart Pack Yields make decisive move up All-property yields saw a large rise in August, as concerns around valuations increased. (See Chart 1.) And, with the energy support package set to boost interest rates and the economy probably... 22nd September 2022 · 8 mins read
Europe Commercial Property Outlook Mild correction, but soaring inflation poses downside risks The economic backdrop has deteriorated, with the euro-zone set to enter recession this year, while inflation has continued to beat expectations. This will weigh on property demand across all sectors... 16th September 2022 · 33 mins read