UK Commercial Property Update Alternatives and prime assets lead the way in RICS survey The RICS survey showed overall occupier and investment market sentiment held in the doldrums at the end of 2025, with prospects for the major sectors muted. However, the outlook for prime assets was... 29th January 2026 · 3 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
UK Commercial Property Update Banks still keen to lend to UK commercial real estate A divergence between banks’ expectations for house and commercial real estate prices may explain why they are still keen to ramp up lending to commercial real estate even as the availability of credit... 20th January 2026 · 3 mins read
UK Commercial Property Update Slowing demand means UK industrial property will underperform A weak economic outlook, increased efficiency of new buildings and worsening affordability are all weighing on demand for industrial assets, which has fallen to a 15-year low according to RICS. That... 15th January 2026 · 4 mins read
UK Commercial Property Update UK commercial property returns to hit five-year high in 2026 As we expected, and in contrast to consensus, all-property yields saw no compression in 2025. But stronger-than-expected rental growth means our call for all-property total returns of 6.6% in 2025... 6th January 2026 · 3 mins read
UK Commercial Property Update IPF UK Commercial Property Consensus Forecasts (Dec. 25) The December IPF consensus survey forecasted all-property total returns of 7.8% p.a. over 2025-29, more-or-less unchanged from September. Indeed, the total return forecast has been stable for all of... 12th December 2025 · 3 mins read
UK Commercial Property Update What does the Budget mean for UK commercial property? With our 10-year gilt yield forecast unchanged and the impact of changes to business rates broadly revenue neutral over the next five year years, we are not changing are commercial property forecasts... 11th December 2025 · 4 mins read
UK Commercial Property Update New office forecasts for seven regional UK cities We have augmented our UK Commercial Property coverage with the addition of office forecasts for seven major regional cities. Overall performance is informed by our views on the RoUK market, but... 9th December 2025 · 6 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
UK Commercial Property Update RICS survey flags concerns over the UK commercial property recovery The RICS survey showed that occupier demand dropped back in Q3 as concerns over the economic outlook, uncertainty around the Budget and rising interests rates all sapped confidence. That has cut... 30th October 2025 · 3 mins read
UK Commercial Property Update How concerning is the rise in ‘extend and pretend’ for UK commercial property loans? The surge in net lending by banks to commercial property firms may in part reflect borrowers being forced to refinance loans on buildings they have been unable to sell. But in contrast to the GFC... 17th October 2025 · 4 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
UK Commercial Property Update New EPC analysis points to tough times ahead for offices in some UK cities Upcoming EPC requirements, coupled with reduced occupier demand due to remote work, mean investors are shunning secondary offices, triggering a sharp decline in capital values. Our new dashboard on... 7th October 2025 · 4 mins read
UK Commercial Property Update Are property equities signalling a fall in UK commercial property capital values? The recent rise in interest rate expectations has not been kind to UK property equities, with the NAREIT price index currently down 18% y/y. On past form that implies commercial property capital... 25th September 2025 · 4 mins read
UK Commercial Property Update IPF UK Commercial Property Consensus Forecasts The September IPF consensus survey forecasted all-property total returns of 7.9% p.a. over 2025-29. That was unchanged from May, with a downgrade to 2025 returns offset by a slight upgrade over the... 19th September 2025 · 3 mins read
UK Commercial Property Update UK PBSA may benefit from drop in US foreign students The number of visas granted to foreign students looking to study in the UK saw a substantial rise in Q2, likely reflecting a substantial fall in the numbers entering the US as restrictions there have... 10th September 2025 · 3 mins read
