Europe Commercial Property Focus GOEF crisis enters new phase Looming deadlines for stricken German open-ended funds to complete their liquidation processes – or hand over remaining assets to their respective custodian banks – mean that the supply of property... 22nd April 2013 · 1 min read
Europe Commercial Property Update First signs that Amsterdam retail rents will not defy gravity forever The run of dismal consumer sector data from the Netherlands helps to explain why the level of retail yields in Amsterdam is high relative to other major euro-zone retail markets. Indeed, this could be... 19th April 2013 · 1 min read
UK Commercial Property Update How much further will Central London office rents rise? London City and West End office rents are now some 15% to 20% above their 2009 floors and the Consensus envisages that they will record similar gains in the next five years. We are more cautious... 18th April 2013 · 1 min read
Europe Commercial Property Update What is the outlook for Budapest office rents? The recovery in employment in Hungary last year, might suggest that the recent uptick in Budapest office rents marks a turning point. But there is no evidence that job creation has boosted office... 17th April 2013 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q4) The number of financial & business services (FBS) sector jobs rose to a new record high in the final three months of last year. Although the large development pipeline will act as a brake, it now... 17th April 2013 · 1 min read
UK Commercial Property Focus South East offices: poised to outperform? Central London aside, weak economic growth and fragile business confidence are acting as a drag on occupier demand, pushing back a recovery in commercial property markets. South East offices will not... 12th April 2013 · 1 min read
Europe Commercial Property Update CEE property investment data: a mixture of good and bad news Emerging European property investment markets seem to have started 2013 brightly. Yet the sharp rise in region-wide investment volumes was in most part driven by a huge rise in activity in Russia. If... 11th April 2013 · 1 min read
UK Commercial Property Update Industrial yield spreads across regions will widen further The gap between industrial property yields in the South East and the Rest of the UK has risen to a level that is 50% higher than its long-run average. This could be a sign that yields in the South... 9th April 2013 · 1 min read
Europe Commercial Property Update How will FX rates influence Nordic and Swiss property values? The currency driven boost to total returns in euro terms in Nordic and Swiss property markets seen over the past three years might have a little further to go. At some point, though, we would expect... 9th April 2013 · 1 min read
Europe Commercial Property Update When will euro-zone logistics rental values find a floor? The combination of Q4’s 0.6%q/q fall in euro-zone GDP and the weakness of the latest activity data suggest that, in the short term, falls in region-wide logistics rents are more likely to accelerate... 5th April 2013 · 1 min read
Europe Commercial Property Update French commercial property outlook darkens The latest survey evidence suggests that the French recession deepened in the first quarter. For now, while low economic sentiment seems to be dampening growth in French real estate equity prices... 4th April 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Mar. 13) The tone of today’s CIPS/Markit construction PMI was downbeat. Whether we look specifically at the commercial sub-sector or the construction sector as a whole, activity has now contracted in seven of... 3rd April 2013 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Feb. 13) In net terms, lending to the commercial property sector was negative for the fifteenth consecutive month in February. Yet progress in reducing lenders’ exposure to the property sector is slow. Thus... 2nd April 2013 · 1 min read
Europe Commercial Property Update Increased use of rental incentives to set back office rent recovery An increase in rent-free periods on typical office leases in some European markets helps to explain why headline rents have recently been less responsive to changing occupier demand conditions than... 28th March 2013 · 1 min read
Europe Commercial Property Update Polish retail rental values set to remain under pressure Over the past year, the Polish retail market has moved from being one of Europe’s top performers for rental value growth, to one of the laggards. In the short term, factors such as falling residential... 27th March 2013 · 1 min read
UK Commercial Property Chart Pack Yields continue to hold their ground All-property rental values ticked down by 0.1%m/m in February. That was a small drop, but nevertheless the first since October last year. At the sub-sector level, perhaps the biggest break from recent... 27th March 2013 · 1 min read
