UK Commercial Property Update Could prime shopping centre rents be a bright spot in retail? Our forecasts envisage that shopping centre rental growth will average less than 2%p.a. in 2016 and 2017. But those relatively subdued figures disguise a rather brighter outlook for prime shopping... 7th April 2016 · 1 min read
Europe Commercial Property Update Are yield falls about to go into reverse in Oslo offices? Early indications from Q1 2016 suggest that office yields in Oslo are coming under upwards pressure. Although consistent with the weakening rental market, this is contrary to our current forecasts... 5th April 2016 · 1 min read
Europe Commercial Property Update Central European yield falls to outstrip other European sub-regions With property yields in Western Europe at historic lows, investors are looking to core CE markets for higher income returns. This will lead to heightened competition for assets in these markets and... 1st April 2016 · 1 min read
Europe Commercial Property Update Copenhagen offices set for solid, but unspectacular, rental growth We expect Denmark’s economic recovery to strengthen further, with employment growth in particular solidifying. This will drive a further pick-up in demand for offices and, although much of the new... 31st March 2016 · 1 min read
UK Commercial Property Update Is speculative development a problem in the industrial market? Speculative industrial development rose significantly in 2015. But that needs to be balanced against healthy demand, low vacancy rates and limits to future pipelines. In turn, we expect all-industrial... 24th March 2016 · 1 min read
Europe Commercial Property Update Further ECB stimuli will keep euro-zone property values rising Despite the ECB’s recent monetary loosening, we expect further stimulus measures will be required to reinvigorate growth and push inflation back towards its target. This will prove to be a net... 23rd March 2016 · 1 min read
Europe Commercial Property Update Dutch retail rental growth rates upgraded Steady improvement in the Dutch consumer sector in the next few years will support expansionary retailer demand and drive rental growth rates above those we had previously forecast. We now expect... 22nd March 2016 · 1 min read
Europe Commercial Property Focus German office rental growth is set to pick up strongly Office rental values in Berlin, Hamburg and Munich now stand, on average, 7% above their prior 2008 peaks, and at their highest levels in 15 years. Even so, the positive economic outlook, low... 17th March 2016 · 1 min read
Europe Commercial Property Update Can Helsinki office rents rise above the weak economic outlook? Finland’s poor economic outlook will not prevent prime office rents from growing further in the next few years. Indeed, we have bumped up our rental growth forecasts for 2016 and 2017 to 3% and 2.5%... 16th March 2016 · 1 min read
Europe Commercial Property Update Rising office employment points to rental growth in most markets In 2015, office vacancy rates fell in most euro-zone markets. With supply conditions tightening, and office employment picking up at a steady pace, almost every market will see office rents rise this... 15th March 2016 · 1 min read
UK Commercial Property Update How worried should we be about February’s drop in investment? Hitting a 58-month low, investment activity surprised on the downside in February. While that could be signalling an imminent turning point for capital values, such an outcome does not seem consistent... 14th March 2016 · 1 min read
Europe Commercial Property Update European prime retail rents show no sign of peaking The outlook for European consumers is relatively poor. Nevertheless, we expect a handful of structural factors to keep prime European retail rents on an upwards trend, growing by 3% y/y. 11th March 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (Feb) Property investment activity in February was weak. This may partially reflect fears about Brexit, but it is also in line with the expected moderation in activity from the very high levels seen in 2015... 11th March 2016 · 1 min read
Europe Commercial Property Update Limited supply means the fall in Vienna office rents will be reversed Office rents in Vienna declined last year. But with the office vacancy rate amongst the lowest in the euro-zone, and the supply pipeline small, even low levels of demand will drive rents higher. 9th March 2016 · 1 min read
Non-Euro Europe Commercial Property Outlook Capital value growth to slow Capital value growth is likely to have peaked in 2015, but further falls in yields and steady rental value growth will keep capital values rising in 2016 and 2017. Yet, there will be country and city... 4th March 2016 · 1 min read
Europe Commercial Property Outlook The Euro-zone Commercial Property Analyst Compared to our last Analyst, we have increased our expectations for rental growth in some markets, and also pushed down our near term forecasts for property yields. Yet in most markets, lower yields... 4th March 2016 · 1 min read
