Europe Commercial Property Update Amsterdam and Rotterdam retail to trail With cyclical pandemic effects fading, the backdrop has improved for Dutch retail. However, having been hardest hit in 2020-21, the structural legacy of COVID-19 and higher economic barriers to... 4th April 2022 · 3 mins read
Europe Commercial Property Update Has Prague industrial pricing gone too far? The strength of Prague industrial performance last year exceeded expectations but also left valuations looking highly stretched. While there are risks stemming from trade links with Russia, we think... 31st March 2022 · 3 mins read
Europe Commercial Property Update Amsterdam office rental growth to outperform EZ While we don’t think that 2021’s strong pace of prime office rental growth in Amsterdam will be sustained, we still expect growth to outperform the euro-zone over the next couple of years, averaging... 9th March 2022 · 3 mins read
Europe Commercial Property Update Russia-Ukraine and the risks to commercial property The Russian invasion of Ukraine has added significant new uncertainty for investors. We expect Moscow property will take a substantial hit, but the impact on the wider European property market will be... 28th February 2022 · 3 mins read
Europe Commercial Property Update Will prime rents offer inflation protection? Our forecasts suggest that prime all-property rental growth across the main euro-zone markets is likely to keep pace with inflation in the coming years. However, this is more of a reflection of... 14th February 2022 · 3 mins read
Europe Commercial Property Update Investment activity to show further strength in 2022 After a record-breaking 2021, survey evidence points to a strong start to the year for pan-European (excluding UK) investment volumes. With pent-up demand mostly exhausted, we expect transactions to... 11th February 2022 · 3 mins read
Europe Commercial Property Update Global property returns not expected to defy gravity The exceptionally strong rebound in commercial property returns has been clear from the middle of last year. While this came earlier than most expected, we think it reflected special conditions and... 11th February 2022 · 3 mins read
Europe Commercial Property Update Supply to limit Dublin office rental revival The recovery in Dublin offices has lagged the broader economic upturn. While demand is expected to improve in 2022, with a full supply pipeline, it is likely that vacancy will stay at relatively high... 4th February 2022 · 3 mins read
Europe Commercial Property Update Good times over for industrial rents in major ports While the recent improvement in world trade is encouraging for industrial demand in the major port markets, we don’t expect an acceleration in rental growth this year. Supply bottlenecks will still... 3rd February 2022 · 3 mins read
Europe Commercial Property Update Pandemic not the only risk to Stockholm property While we think the direct risks to property from the pandemic have reduced, the uncertain impact of structural change and our expectation that interest rates will now be increased from late this year... 28th January 2022 · 3 mins read
Europe Commercial Property Update The centre holds up for Paris office rents The early data indicate that Paris offices recovered last year, though much of this reflected strength in the core CBD market. With the economic background supportive and supply relatively contained... 27th January 2022 · 3 mins read
Europe Commercial Property Update ECB rate hike unlikely to move the needle for property While we now expect the ECB to start its tightening cycle earlier, we don’t think the change is significant enough to prevent further property yield compression over 2022-23, albeit at a slower pace... 18th January 2022 · 3 mins read
Europe Commercial Property Update Gradual flexible office recovery underway Having been hit hard in 2020, improving economic conditions supported flexible office take-up in 2021, albeit caution and consolidation limited the net increase in space. While we expect take-up to... 17th January 2022 · 3 mins read
Europe Commercial Property Update Estimating the carbon transition risk to property values Real estate potentially has a significant role to play in helping achieve ambitious climate targets. We have estimated the size of the risks in the transition to net zero for the commercial property... 14th January 2022 · 4 mins read
Europe Commercial Property Update What’s in store for retail this year? An expected improvement in spending is encouraging for prime high streets this year. Nevertheless, with a growing share of retail turnover made online and city-based retail more vulnerable to remote... 10th January 2022 · 3 mins read
Europe Commercial Property Update Our key calls for European property in 2022 We don’t expect slower near-term economic growth to derail the property upturn in 2022. Rather, we think that continued falls in property yields and a rebound in all-property rents will support... 6th January 2022 · 4 mins read
