US Commercial Property Update Non-bank CRE lending growing, but not a systemic risk As large banks have pulled back in recent years, non-bank lenders have accounted for an increasing share of CRE debt originations. While insurers’ lending has been conservative, debt funds and other... 8th May 2026 · 5 mins read
Global Commercial Property Update Student housing investment set to diversify Investment in student accommodation appears to be turning a corner after several lean years. Demand fundamentals are expected to support a further recovery over the next decade, though geographic... 7th May 2026 · 4 mins read
UK Commercial Property Rapid Response S&P Global/CIPS UK Construction PMI (Apr. 26) The headline CIPS construction PMI fell by nearly 6%-pts in April to 39.7, its lowest reading since November. Meanwhile, the input prices index again climbed sharply, reaching 81.4, now more than 20%... 7th May 2026 · 2 mins read
UK Commercial Property Rapid Response Lending to UK commercial property (Mar. 26) Net lending to commercial property rose sharply in March, reaching £2.5bn. Given that was the first full month following the start of the Iran war, on first glance the strength of the data come as a... 1st May 2026 · 2 mins read
UK Commercial Property Update RICS survey points to higher UK property yields from Iran war The Q1 RICS survey showed surveyors don’t expect the Iran conflict to have an impact on occupier demand across any of the major sectors. That said, there was a deterioration in capital value... 30th April 2026 · 3 mins read
UK Commercial Property Update Multifamily build-to-rent supply to recover from 2028 High financing and construction costs, combined with significant delays from the Building Safety Act, meant multifamily build-to-rent completions saw a 28% y/y decline in 2025. A thin pipeline... 29th April 2026 · 4 mins read
Europe Commercial Property Update Election signals reset opportunity for Hungary’s real estate Hungary’s decisive election result has improved investor sentiment and medium-term economic prospects. While it is still early days, we think it will bring positive spillovers to real estate, with... 28th April 2026 · 3 mins read
US Commercial Property Update NCREIF Q1 2026: Little divergence in regions and core sectors Income returns are already accounting for almost all the total return in the traditional sectors, but senior housing stood out positively again in Q1, seeing strong capital growth and posting a 3.9%... 27th April 2026 · 3 mins read
Global Commercial Property Update CRE construction cost rises most impactful in retail and hotels Commercial real estate construction costs are already showing signs of rising due to the Iran war. While this will weigh on profitability of new projects, the impact will vary by sector, with retail... 23rd April 2026 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Apr. 26) The Iran conflict has increased uncertainty and pushed up long-term interest rates, both of which will weigh on investment activity over the next few months. But property yields saw no rise in March... 22nd April 2026 · 1 min read
Global Commercial Property Update Weaker near-term hotel outlook; Europe better placed ahead A soft consumer spending outlook and subdued business demand, reinforced by the effects of the Iran war, will weigh on global hotel demand in the coming years. Longer term, hotel performance will be... 21st April 2026 · 4 mins read
Global Commercial Property Update Life science to outperform, but will remain a niche sector While supply headwinds have hit life science performance in recent years, long-term fundamentals have been reinforced by the pandemic. We expect a recovery in the short term and strong performance... 16th April 2026 · 5 mins read
UK Commercial Property Update UK banks keen to lend despite Iran war uncertainty Despite the uncertainty from the Iran war, banks are still willing to lend to commercial property. A sizeable share plan on loosening credit conditions further in Q2, supported by a positive view on... 14th April 2026 · 3 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q1 2026) The rise in economic uncertainty and market interest rates because of the Iran war will weigh on property market activity in the first half of the year. However, under our baseline scenario (in which... 13th April 2026 · 0 mins read
Global Commercial Property Update How will AI job cuts influence office demand? Tech occupations are the most exposed to the impact of AI, but that doesn’t necessarily mean that sector will see the most job losses. That said, a decline in the share of pre-lets to the sector in... 10th April 2026 · 3 mins read
Global Commercial Property Update Retail and hospitality sectors to bear the brunt of Iran War The effects of the Iran war will feed through to property occupiers through two main channels: higher energy costs and lower household disposable income growth. The impact on sectors will vary based... 9th April 2026 · 4 mins read
