US Commercial Property Update REITs and appraisals divergence clouds outlook for values A significant divergence in sector weightings means a large performance gap has opened between REITs and the appraisal-based indices over the last two years. We have therefore created a re-weighted... 20th August 2026 · 3 mins read
US Commercial Property Update Office sector turnaround clear in Q2 RICS survey The Q2 RICS survey suggests that while Iran War-related uncertainty isn’t derailing the recovery, it is dampening its pace. But the office sector appears to be emerging from the clouds that have... 19th August 2026 · 3 mins read
US Commercial Property Update Major gains for Midwest markets in warehouse rankings Our updated analysis of 34 major industrial markets shows an improvement in the rent growth prospects for many Midwest markets, with big year-on-year gains in Cleveland, Detroit, Indianapolis and St... 13th August 2026 · 3 mins read
Global Commercial Property Update AI will boost office demand in tech hubs as long as the bubble lasts We expect AI firms to drive office demand in key tech hubs as they expand and compete for top talent, although this exposure heightens the downside risk for the least diversified tech markets if we... 6th August 2026 · 6 mins read
US Commercial Property Update NCREIF Q2 2026: Returns rangebound for sixth quarter Q2’s total return of 1.3% was dominated by the income component, with cap rates and capital values broadly steady. Meanwhile, aside from senior housing, where quarterly returns hit 3.9% in Q2, sector... 27th July 2026 · 3 mins read
Global Commercial Property Update Housing wealth underpins demand for active adult communities Demographics are less favourable for active adult communities than care homes. However, high net housing wealth among older households will support demand, especially in markets with more older people... 21st July 2026 · 4 mins read
US Commercial Property Update Updated fair value analysis drives higher cap rate forecasts The diminished spread between cap rates and the 10-year Treasury yield poses a challenge for real estate pricing. Looking ahead, in a world in which we expect the Treasury yield to stay near its... 8th July 2026 · 3 mins read
Global Commercial Property Update Key takeaways from our alternative assets roundtables This week we held a series of roundtable discussions with clients in our London office about the outlook for alternative real estate assets. This note shares our answers to some of the most... 25th June 2026 · 3 mins read
Global Commercial Property Update Data centres to perform well, but risks are growing New MSCI coverage of data centres in the UK and US not surprisingly show the sector strongly outperformed over the past decade. But while returns are still strong in the US, in the UK the sector is... 18th June 2026 · 4 mins read
US Commercial Property Update Q2 26 PREA consensus forecasts cut, especially for residential There was another reduction in the PREA consensus total return forecast for both 2026 and 2027 this quarter, led by the residential sector. However, this still left the consensus more optimistic than... 9th June 2026 · 3 mins read
Global Commercial Property Update Despite short-term challenges, leisure set to bounce back With consumers cutting back discretionary spending as real incomes come under pressure, demand for leisure assets will be subdued over the next year or so. But longer term the future for the sector... 29th May 2026 · 3 mins read
US Commercial Property Update AI boom will not prevent Southern metros pushing ahead Within a sluggish national picture, metro jobs performance has varied widely with some cities - notably Washington D.C. - seeing big contractions, while others grew strongly - such as Las Vegas and... 27th May 2026 · 3 mins read
US Housing Market Update Solid apartment fundamentals remain intact despite immigration slowdown Concerns that this administration’s anti-immigration push would trigger a sharp national slowdown in apartment demand have been misplaced. While unauthorised immigration has turned deeply negative... 27th May 2026 · 4 mins read
Global Commercial Property Update Care home demand to boom in Asia and North America The long-term demographic drivers of care home demand are well-rehearsed, but there is likely to be a degree of offset from factors that will keep more seniors living at home for longer. Nevertheless... 19th May 2026 · 6 mins read
US Commercial Property Update Q1 RICS survey implies Iran war will increase US cap rates The latest RICS survey showed that the Iran war has dampened both occupier and investor sentiment, with the latter seeing a larger fall. Rental expectations held up though, which implies the fall in... 18th May 2026 · 3 mins read
Global Economics Update Assessing the effects of an extreme war scenario In this Update, we explore an extreme scenario in which the Iran war escalates beyond the assumptions in our published baseline and adverse scenarios. With Brent crude jumping higher and staying at... 14th May 2026 · 7 mins read
