Europe Commercial Property Update Spanish industrial rents: manufacturing to fall further behind logistics Steeper falls in manufacturing output than in consumer spending in Spain help to explain the recent underperformance of Spanish manufacturing property rents relative to the logistics sector. And if we... 17th January 2013 · 1 min read
UK Commercial Property Update Will we see an FLS-driven rise in commercial property lending? The problems of legacy loans, along with increased regulation, are both significant barriers to the Funding for Lending Scheme (FLS) boosting new commercial property lending. But there are signs that... 16th January 2013 · 1 min read
Europe Commercial Property Update Investor's preference for retail over office in Vienna is likely to persist Over the past year or so, investors in Austrian property appear to have switched their preference from the office to the retail sector. Against an uncertain economic outlook, we expect this preference... 15th January 2013 · 1 min read
Europe Commercial Property Update Emerging European property markets won't survive 2013 unscathed The results from this week’s EC survey suggest that, for most of Emerging Europe, commercial property occupier demand probably stagnated or deteriorated in the final quarter of last year. Hungary was... 11th January 2013 · 1 min read
Europe Commercial Property Update Euro-zone commercial property faces weak start to the year This morning’s EC survey suggests that euro-zone commercial property markets ended 2012 on a low note. What’s more, past form suggests that the weakening in economic sentiment already seen is... 8th January 2013 · 1 min read
UK Commercial Property Update Do tenant departures signal a looming peak in West End office rents? Anecdotal evidence suggests that there has recently been a rise in the number of tenants deciding to migrate away from the West End office market because of high occupation costs. It is difficult to... 8th January 2013 · 1 min read
Europe Commercial Property Update Copenhagen retail yields to resume upwards drift The surprising recent strength of the Danish consumer sector suggests that prime retail yields in Copenhagen may have peaked. But we think that retail occupier demand will suffer this year as, among... 4th January 2013 · 1 min read
Europe Commercial Property Update Will office rental values in Rome fall further than Milan? Recent falls in Italian office rental values are likely to be extended next year. But with a 10% drop in public sector jobs in the pipeline, occupier demand and thus rents, are likely to fall further... 20th December 2012 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q3) For the 11th quarter of the past 12, Q3 saw UK-based investing institutions make net purchases of commercial property. However, institutions’ allocations to the sector remain very low by past... 20th December 2012 · 1 min read
UK Commercial Property Chart Pack Overseas buyers continue to drive investment market activity All-property capital values fell by 4% in the year to November, with adverse yield impact accounting for about 3%-points of that decline. Central London offices continue to outperform, with shopping... 19th December 2012 · 1 min read
Europe Commercial Property Focus The development potential of Poland's industrial market Given its relatively bright medium-term economic growth prospects, the outlook for Poland’s industrial occupier market over the next few years was already pretty decent. Over and above this, though... 17th December 2012 · 1 min read
Europe Commercial Property Update Further falls in European property investment likely in 2013 Our forecast that 2012 European commercial property volumes would be as much as 20% lower than in 2011 looks to be on track. Unfortunately, the conditions are not in place for a rebound in 2013. If... 13th December 2012 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q3 12) The number of financial & business services (FBS) sector jobs hit a fresh record high in Q3. For now, we continue to pencil in falls in City and West End office rents in 2013. But the persistent... 12th December 2012 · 1 min read
Europe Commercial Property Update Will retail rents in Amsterdam and Helsinki continue to trend up? The relatively strong rise in Helsinki retail rental values seen since 2010 is not difficult to square with the underlying health of the Finnish economy. But it is less straightforward to justify... 11th December 2012 · 1 min read
Europe Commercial Property Update Industrial yields in Prague and Budapest have further to rise Monday’s Central & Eastern European (CEE) manufacturing PMI data suggest that recent rises in industrial yields in Prague and Budapest might be one-offs. However, softer external demand from the euro... 5th December 2012 · 1 min read
Europe Commercial Property Focus Is it too soon to look beyond core European property markets? Above-average falls in rental values and a rising yield gap with core markets both suggest that there is growing scope for commercial property in the peripheral euro-zone economies to outperform... 4th December 2012 · 1 min read
