APAC Commercial Property Valuation Monitor Asia-Pacific Commercial Property Valuation Monitor (Q3 25) The decline in Q2 government bond yields boosted APAC valuation scores. But with risk-free rates still high, property yields will not see meaningful falls. 18th August 2025 · 1 min read
Europe Commercial Property Update Spanish industrial rent outlook solid, but little room for yield falls The solid pace of economic growth in Spain over the next couple of years will continue to support robust rates of industrial rental growth. However, we don’t think that will be enough to justify large... 14th August 2025 · 3 mins read
Global Commercial Property Update Global CRE needs a reset for real recovery to take hold With interest rates staying high and closed-end funds already sitting on a large volume of investors’ capital, global real estate fundraising looks set to stay in the doldrums. We think the sector... 13th August 2025 · 5 mins read
UK Commercial Property Update Strong rent prospects support UK industrial valuations Decent rental growth expectations and a narrowing risk premium imply that industrial is only marginally overvalued, despite an historically narrow gap between industrial yields and alternative asset... 12th August 2025 · 3 mins read
UK Commercial Property Valuation Monitor UK Commercial Property Valuation Monitor (Q3 25) Property valuations were unchanged in Q2, with both property and alternative asset yields steady over the quarter. 7th August 2025 · 1 min read
US Commercial Property Update A mid-year stock-take on US sector and metro level job growth We expect office-based jobs growth to remain at a standstill through 2026 as the tech sector cuts back and AI fills some of the gap. At the metro level though, our expectations are broadly unchanged... 6th August 2025 · 4 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Jul. 25) The headline CIPS construction PMI dropped back in July to 44.3, the lowest since May 2020 when COVID lockdowns impacted activity. 6th August 2025 · 1 min read
APAC Commercial Property Update APAC sentiment trails other regions in Q2 RICS survey The latest RICS survey showed that overall sentiment in Asia-Pacific is weaker than in other regions, but that there is significant variance within the region. Japan and Australia stood out as clear... 1st August 2025 · 3 mins read
Europe Commercial Property Update Q2 RICS survey shows muted euro-zone CRE recovery The latest RICS survey indicated that the recovery in occupier and investor demand in the euro-zone was muted in Q2. While the reduction in tariff uncertainty should support demand further ahead, the... 31st July 2025 · 2 mins read
US Commercial Property Update Q2 US RICS survey shows investment demand dented by uncertainty While occupier market trends were mixed, the Q2 RICS survey showed a distinct downturn in investment market sentiment, with investment enquiries – and particularly those from abroad – well down from... 31st July 2025 · 3 mins read
UK Commercial Property Update RICS survey shows a stagnant UK commercial real estate market The RICS survey showed that occupier demand was still weak in Q2, with firms reluctant to expand in the face of higher costs and an uncertain economic outlook. In line with that, rental and capital... 31st July 2025 · 3 mins read
APAC Commercial Property Update HK offices won’t reclaim 2018 peaks over the next decade Hong Kong’s office market has long demonstrated resilience in weathering economic storms, but the current downturn is unlike any cycle since at least the 1990s. Facing simultaneous structural and... 31st July 2025 · 4 mins read
UK Commercial Property Rapid Response Lending to commercial property (Jun. 25) 29th July 2025 · 1 min read
Europe Commercial Property Update Tariff uncertainty drags on Q2 CRE investment The recovery in euro-zone investment paused in Q2 against a backdrop of trade policy and economic uncertainty. While the trade deal means some of that uncertainty has reduced, we expect that the... 29th July 2025 · 3 mins read
US Commercial Property Update NCREIF Q2 2025: Another disappointingly muted release At 1.2% q/q, second quarter returns were roughly in line with expectations. But the data support our view that appraisals don’t fully reflect the drop in values needed for assets to transact. While a... 28th July 2025 · 3 mins read
Global Commercial Property Update Global CRE to outperform other assets Although a forecast global real estate return of sub-6% p.a. over the next decade appears disappointing, compared to other assets it stacks up well. We expect sub-4% total returns for both global... 24th July 2025 · 4 mins read
