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
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Jul. 25) Yields for the main commercial property sectors have been remarkably stable over past 18 months, and we expect that stability will continue. That means capital value growth will average under 3% p.a... 24th July 2025 · 1 min read
Europe Commercial Property Update Improving CRE lending outlook unlikely to boost investment Recent surveys of real estate lenders point to a continued improvement in the European commercial real estate lending environment. However, with refinancing still dominating lending activity, this is... 23rd July 2025 · 3 mins read
US Commercial Property Update US offices divergence poses both a risk and an opportunity We expect the divergence in performance between the best performing offices and the rest to persist through our forecast. This will see further capital value falls in average and poorer quality space... 22nd July 2025 · 5 mins read
Europe Commercial Property Update Netherlands prime office rent performance to slow Low vacancy and limited new completions this year will see Rotterdam rent growth continue to outperform Amsterdam over 2025, before supply picks up substantially in 2026. That will bring rent growth... 18th July 2025 · 3 mins read
UK Commercial Property Update Will lender confidence drive UK commercial property capital values up? The current narrow spread between property yields and financing costs, combined with bullish lender capital value expectations, might be seen as an indication that a credit cycle is brewing and... 18th July 2025 · 4 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: Labour market not an obstacle to RBA rate cuts The strong uptick in Australia's unemployment rate in June may be overstating the actual degree of slack in the labour market. After all, the underutilisation rate remains historically low and... 18th July 2025 · 5 mins read
US Commercial Property Update US consumer sector divergence echoed in winning retailer types The retail sector was suffering before the rise in tariffs as consumers were hit by higher costs and interest rates. But digging deeper exposes a divergent picture between higher and lower-earning... 15th July 2025 · 3 mins read
UK Commercial Property Update Upward-only rent review ban in England and Wales would nudge commercial property yields up Experience from Ireland suggests that a ban on upward-only rent reviews will weigh on future rental growth and widen property yield spreads to risk-free rates. While the overall impact is unlikely to... 15th July 2025 · 4 mins read
Australia & New Zealand Economics Update RBNZ to cut further as property sector remains weak New Zealand’s housing market is still struggling to recover from its steep post-pandemic downturn. Although we still expect it to turn the corner in the coming months, the risk is that it will remain... 15th July 2025 · 5 mins read
US Housing Market Outlook US Housing Outlook: No clear path to housing recovery Activity in the housing market has been struck in a slump since 2023, with still no end in sight. As Trump’s immigration and trade policies push up inflation this year, the Fed will be forced to keep... 10th July 2025 · 12 mins read
Global Commercial Property Update APAC property to underperform globally Poor performance in the US and APAC property markets is set to drag on the global recovery over the next few years. While strong economic fundamentals argue for a material improvement in total returns... 10th July 2025 · 3 mins read
US Commercial Property Office Metros Outlook US Office Metros Outlook: Miami set to be the big winner Office values have further to fall in all metros this year, but from 2026 we are expecting a recovery, with the southern markets showing the way. Led by Miami, those metros will see strong rent growth... 10th July 2025 · 7 mins read
