Europe Commercial Property Update Luxury won’t shield Paris retailers from e-commerce We expect prime retail rents in both Lyon and Paris to struggle to make up lost ground this year, and even after a return to growth next year, the pace of increases will be subdued. 16th August 2021 · 3 mins read
Europe Commercial Property Update Retail yield stabilisation not a sign of a turning point Following larger-than-expected falls in Q2 and positive near-term developments, we expect prime office and industrial yields to end the year lower than previously forecast. However, we think prime... 11th August 2021 · 3 mins read
Europe Commercial Property Helsinki offices to continue to outperform euro-zone Following better-than-expected Q2 data, we have revised up our Helsinki office returns forecasts for this year. And given a robust rental outlook, returns are set to outpace the euro-zone over the... 6th August 2021 · 3 mins read
Europe Commercial Property Update Longer-term prospects poor for Italian offices With demand slowly recovering and supply being pushed back, we no longer expect prime office rental falls in the Italian markets this year. However, the outlook is less encouraging, with a slowdown in... 4th August 2021 · 3 mins read
Europe Commercial Property Update Investment past the worst but still faces uphill struggle The Q2 data showed that pan-European (excl. UK) transactions improved after their Q1 lows. But international travel restrictions, structural shifts in the office and retail sectors and tougher credit... 29th July 2021 · 3 mins read
Europe Commercial Property Update Prime Brussels offices to fare better than most More remote working is pushing all occupiers to reassess their office space, but we think that rental growth for prime offices in Brussels should hold up better than the wider market. 22nd July 2021 · 3 mins read
Europe Commercial Property Update More competition a risk to flexible office activity While longer-term drivers are supportive of flexible offices, we think demand for space will be held back by the slow return of workers to the office, by more competition from home offices and by high... 20th July 2021 · 3 mins read
Europe Commercial Property Is our weak outlook for Lisbon office rents justified? The slow economic recovery, more remote working and a high supply pipeline are key reasons for our below-consensus forecasts for prime office rental growth in Lisbon in the coming years. 16th July 2021 · 3 mins read
Europe Commercial Property Update High construction costs unlikely to curb 2021 supply With price pressures in the construction sector likely to prove transitory, we think that the hit to activity will be small. That said, we expect construction activity to slow over the coming years on... 14th July 2021 · 3 mins read
Europe Commercial Property Update CEE office occupier activity past the worst Despite poor employment prospects, we are cautiously optimistic on the outlook for CEE leasing activity as the economic recovery gets underway. However, large supply pipelines mean that improving... 8th July 2021 · 3 mins read
Europe Commercial Property Update Has Athens been pushed off track by COVID-19? After gaining ground since 2018, the recovery in Athens’ prime property values has stalled. However, we think that the catch up with the euro-zone will continue, albeit at a slower pace than in recent... 6th July 2021 · 3 mins read
Europe Commercial Property Update Vaccine passport no silver bullet for prime high streets Lingering restrictions on travel mean that weakness in foreign tourist spending will continue to weigh on retailers’ incomes in tourist-dependent retail markets this year. This supports our view that... 1st July 2021 · 3 mins read
Europe Commercial Property Update Paris offices to maintain lead over Lyon Tighter supply conditions and the expected smaller hit from the shift to remote working mean that we think Paris office rents will continue to outperform Lyon over the next five years. 30th June 2021 · 3 mins read
UK Commercial Property Should investors be worried about higher inflation? Recent strong inflation data have heightened concerns about global price pressures. At present, we think there will be limited impact on short-term property performance. Further out though, higher... 16th June 2021 · 3 mins read
Europe Commercial Property Update Are green commercial leases the future? With emission targets needing to be met by 2030, the race is on for the real estate sector to decarbonise. By forcing tenants and landlords to share the risks, benefits and costs of environmental... 10th June 2021 · 4 mins read
Europe Commercial Property Update Hawkish CEE policy shift to push up property yields Our expectation for more aggressive monetary tightening in Central and Eastern Europe and the subsequent upward pressure on bond yields mean that we now expect property yields to rise by more from... 7th June 2021 · 3 mins read
