UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Mar. 26) The Iran conflict has increased uncertainty and pushed up interest rates, both of which will weigh on investment activity over the next few months. But, assuming the impact of the conflict is short... 19th March 2026 · 1 min read
US Commercial Property Update Q1 26 PREA consensus much more optimistic than us The Q1 PREA consensus for returns of 6.8% p.a. over 2026-30 is significantly above our call for returns of 5.2% p.a. Our view that appraised cap rates have further to rise is behind that difference... 12th March 2026 · 3 mins read
UK Commercial Property Update IPF UK Commercial Property Consensus Forecasts (Mar. 26) The March IPF consensus survey, conducted before the Iran conflict, forecasted all-property total returns of 7.7% p.a. over 2026-30 which, aside from a downgrade to 2026, was essentially unchanged... 11th March 2026 · 3 mins read
UK Commercial Property Update Iran conflict a small downside risk for UK commercial real estate The increase in energy costs brought about by the conflict in Iran could hit commercial property returns either through squeezed occupier margins and therefore weaker property demand and rent growth... 6th March 2026 · 4 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack Q1 2026 All-property capital values have stabilized in recent quarters and although our CE Capital Value Lead Indicator suggests an acceleration in H1, we think sentiment will soften in the coming months and... 5th March 2026 · 1 min read
UK Commercial Property Outlook UK Commercial Property Outlook: Stable yields mean steady returns Property yields saw no movement in 2025 and we expect that stability to continue over the next few years. We think the 10-year gilt yield will see a small fall to around 4.25% by the end of 2026, but... 27th February 2026 · 26 mins read
APAC Commercial Property Chart Pack APAC Commercial Property Chart Pack (Q1 2026) Asia-Pacific all-property capital value declines eased further in Q4 to minus 0.8% y/y, reinforcing signs that the market is bottoming out. Looking ahead, however, elevated risk-free rates and muted... 26th February 2026 · 1 min read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q1 2026) Slightly lower prime property yields supported property values across most markets in 2025. However, we expect property yields to hold broadly steady this year and capital value growth to slow. 24th February 2026 · 0 mins read
Europe Commercial Property Update Softer data point to weaker retail revival in the euro-zone The data for euro-zone retail rents have been notably weaker since mid-2025. Given this and the fragile economic backdrop, we think that any retail recovery over the next year or more will now be... 12th February 2026 · 3 mins read
Europe Commercial Property Update Q4 RICS survey highlights weakness in German and French markets The Q4 RICS survey pointed to a largely stable euro-zone commercial property market at the end of last year. However, there were marked differences between prime and secondary assets as well as within... 10th February 2026 · 2 mins read
US Commercial Property Update Q4 RICS survey shows US real estate market well into recovery phase The latest RICS survey showed that US commercial real estate is now well into the recovery phase, with improvements across the occupier and investment indicators. Rental expectations are therefore... 9th February 2026 · 3 mins read
APAC Commercial Property Valuation Monitor APAC Commercial Property Valuation Monitor (Q1 2026) Asia-Pacific valuation scores worsened in Q4 as bond yields rose across markets while property yields held flat. As we expect risk-free rates to remain high, all-property valuations are likely to stay... 5th February 2026 · 1 min read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Jan. 26) Stable yields over 2025 led to a gradual slowdown in capital value growth to 1.4% y/y by the end of the year. And with yields set to see little movement over the next few years, we expect total... 23rd January 2026 · 1 min 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
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
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
