Europe Commercial Property Update Is the RICS survey too gloomy about occupier demand in France? Recent data from RICS showing that occupier demand in France has been falling are consistent with figures showing that office and industrial take-up has weakened significantly. The data also look... 9th November 2012 · 1 min read
Europe Commercial Property Update Could Romanian retail be a good medium-term bet? Fresh signs of life in the consumer sector, together with relatively low retail property prices, seem to have prompted investor interest in the Romanian retail market. But the immediate outlook for... 7th November 2012 · 1 min read
Europe Commercial Property Update Will German property rents be immune to the downturn? Recent business surveys do nothing to undermine our forecast that Germany will lapse back into recession next year. Admittedly, that recession should be mild. But that is unlikely to prevent... 1st November 2012 · 1 min read
Europe Commercial Property Update Bank deleveraging to prompt rise in distressed property sales The results of this morning’s Q3 ECB Bank Lending Survey suggest that both occupier and investment demand for commercial property in the euro-zone is likely to weaken in the near term. And with many... 31st October 2012 · 1 min read
Europe Commercial Property Update Are commercial property yields in Russia set to rise? To date, despite a sharp drop in investment volumes and growing evidence of a sharp slowdown in GDP growth, property yields in Moscow have not risen as we anticipated. But while a case can be made... 30th October 2012 · 1 min read
Europe Commercial Property Update What is the outlook for retail rents in Stockholm? Over the next year or so, we think retail rental values in Stockholm will remain flat. Indeed, although we don’t expect consumer spending to contract, growth is likely to be very subdued, especially... 23rd October 2012 · 1 min read
Europe Commercial Property Update Are commercial property investment volumes in CEE set to recover? Given the weak economic outlook for the Emerging European economies and the fact that credit conditions are likely to remain tight, we suspect that over the next 18 months the recent rise in... 18th October 2012 · 1 min read
Europe Commercial Property Update Will industrial rental value growth in Zurich outpace Geneva? Industrial rents seem to be more sensitive to changes in the Swiss economy in Geneva than in Zurich. And industrial rents in Geneva also look a little high compared to Zurich, at least relative to... 15th October 2012 · 1 min read
Europe Commercial Property Update Fundamentals still point to rising property yields in Paris The recent rebound in French real estate equity prices suggests that our forecast for commercial property capital values in Paris to fall by a total of 15% to 20% in 2012-13 may be too pessimistic... 10th October 2012 · 1 min read
Europe Commercial Property Update Are we too gloomy on the outlook for Spanish retail rents? Weak prospects for Spain’s consumer sector suggest that retail occupier demand will deteriorate before the end of this year. That together with a development pipeline which is still growing makes us... 9th October 2012 · 1 min read
Europe Commercial Property Update Just how weak are Greek property markets? Details surrounding last week’s privatisation deal involving the International Broadcasting Centre in Athens suggest that the Greek commercial property market may be even weaker than agency figures... 3rd October 2012 · 1 min read
Europe Commercial Property Update Is Warsaw's office market facing a period of excess supply? Agency estimates of a huge development pipeline seem to suggest that Warsaw’s office market faces a period of excess supply. After all, economic sentiment in Poland is deteriorating, and occupier... 1st October 2012 · 1 min read
Europe Commercial Property Update Cheap relative rents driving Frankfurt retail occupier appeal Recent evidence shows that the Frankfurt retail market is seeing very strong occupier demand. But this demand seems to be driven more by the low level of Frankfurt retail rents relative to the... 27th September 2012 · 1 min read
Europe Commercial Property Update Amsterdam headline office rents still insulated by incentives Increased use of rental incentives seems to have had a powerful dampening effect on the response of headline office rents in Amsterdam to swings – both up and down – in the vacancy rate. The... 25th September 2012 · 1 min read
Europe Commercial Property Update What is the outlook for Istanbul retail rents? Reports that retail rents in Istanbul have fallen by about 6% over the past year seem consistent with the sharp slowdown in consumer spending and the large boost to supply last year. But if we are... 19th September 2012 · 1 min read
Europe Commercial Property Update Will office take-up continue to rise in Amsterdam and Brussels? The sharp rise in office take-up seen over the past six months in both Amsterdam and Brussels is unlikely to be sustained over the next 15 months or so. In fact, we think that take-up will fall as... 14th September 2012 · 1 min read
