Europe Commercial Property Update Lending conditions improving, but refinancing challenges to persist Survey data point to an improving commercial real estate lending environment in H1 this year. This will support investment activity, though our updated estimates suggest refinancing challenges will... 4th February 2026 · 2 mins read
US Commercial Property Update Why have data center REIT prices and asset values diverged? The divergence between data center REIT performance and data center asset values over the last year appears to reflect the high level of uncertainty in the sector. Questions over power constraints... 22nd January 2026 · 4 mins read
Europe Commercial Property Update Fundamentals support Dublin industrial revival The fortunes of Dublin’s logistics markets are improving after a post-pandemic hangover. Sentiment is currently strong, while a solid economic outlook and tight supply provide reasons to be optimistic... 21st January 2026 · 3 mins read
Europe Commercial Property Update High valuations challenge the Paris prime office market A weak overall office market in Paris has pushed investor demand to prime assets, leaving valuations highly stretched. Nevertheless, our relatively positive prime rental forecast means that Paris... 13th January 2026 · 3 mins read
Europe Commercial Property Update Our key calls for 2026 The recovery in European commercial property values is set to slow this year given the soft economic growth backdrop and elevated interest rates. Our forecast for euro-zone all-property total returns... 7th January 2026 · 3 mins read
Europe Commercial Property Update Reviewing our key calls for 2025 The recovery in European property values in 2025 was broadly as we forecasted. However, the drivers differed slightly from our expectations, with a smaller-than-expected fall in prime property yields... 6th January 2026 · 3 mins read
Europe Commercial Property Update Are we too pessimistic about CEE retail rents? So far CEE markets have proved more resilient to the slowdown in European retail rents. While risks still skew to the upside, we expect that CEE retail rent growth rates will slow further, with... 23rd December 2025 · 3 mins read
Europe Commercial Property Update European residential outperformance to persist over 2026-30 Residential rent growth is set to slow over the next couple of years as wage growth moderates, but we expect it to remain above past averages given tight supply conditions. Meanwhile, we think yields... 2nd December 2025 · 4 mins read
Europe Commercial Property Update 2026 looking brighter for European property investment The muted, uneven recovery in European investment continued in Q3, with indicators suggesting this will persist in Q4. The outlook for 2026 looks brighter, with lower interest rates providing a key... 25th November 2025 · 3 mins read
UK Commercial Property Update Key client questions from our commercial property in 2026 roundtables Recently we held a series of roundtable discussions with clients in our London office about the outlook for commercial real estate in 2026 and beyond. This note shares our answers to some of the most... 18th November 2025 · 6 mins read
Europe Commercial Property Update RICS surveyors’ expectations for EZ property recovery downgraded The RICS survey showed a softening in demand, investment enquiries and the outlook for capital values in the euro-zone in Q3, consistent with our view that the commercial property recovery will weaken... 13th November 2025 · 3 mins read
Europe Commercial Property Update Prime office rents set to outperform consensus expectations The consensus view of European prime office rental growth was generally revised up for this year and next. Even so, we remain more upbeat than the consensus given our view that low levels of new... 12th November 2025 · 3 mins read
Europe Commercial Property Update Demographic projections point to resi underperformance in French and German cities Population growth is expected to slow over the next five years, but projections show wide differences across European cities. French and German markets are set to see the weakest demographic growth... 6th November 2025 · 3 mins read
Europe Commercial Property Update Corporate bonds more supportive of French property valuations Rises in French government bond yields point to material increases in property yields in the next year or so. However, corporate bond yields, as an alternative benchmark, suggest less need for... 5th November 2025 · 3 mins read
Europe Commercial Property Update CE lead indicator points to euro-zone capital value slowdown Our new CE Capital Value Lead Indicator for the euro-zone is consistent with our latest forecast view that prime all-property capital value growth will slow to below 5% y/y by year-end. 20th October 2025 · 3 mins read
Global Commercial Property Update Retail and residential sectors set to outperform globally In a period of slow economic growth but stabilising inflation and earnings growth, we expect the residential sector to see the strongest rental growth globally, with industrial close behind thanks to... 15th October 2025 · 4 mins read
