Event Property Drop-In: US CRE Outlook – When’s the recovery? 19th March 2024, 3:00PM GMT US commercial real estate prices may have fallen 15% from their peaks – led by a 30% plunge in office values – but this isn’t over. High interest rates, slow growth and a tough lending environment...
UK Commercial Property Rapid Response S&P Global/ CIPS Construction PMI (Feb. 24) The headline CIPS construction PMI rose to 49.7 in February, just under the no change level. The rise was driven by the housing component, with commercial activity edging back a touch. As interest... 6th March 2024 · 2 mins read
US Commercial Property Update Investment activity unlikely to improve in 2024 Commercial real estate investment saw its worst year in over a decade last year. Most brokers seem to expect a recovery in investment activity this year as the Fed cuts interest rates and distressed... 5th March 2024 · 3 mins read
Europe Commercial Property Update Drop back in office completions to support prime rents Completions in Europe are set to increase over the next year or so as construction delays unwind, which will contribute to rising vacancy. However, we expect the upward pressure from supply to ease... 5th March 2024 · 3 mins read
UK Commercial Property Focus Why this will be the slowest global recovery on record Relatively high interest rates and structural problems within offices will weigh on the commercial real estate recovery over the next three years. Indeed, we forecast the upturn will be weaker than in... 4th March 2024 · 21 mins read
Event CRE Drop-In: Unpacking the slowest commercial real estate recovery on record 12th March 2024, 3:30PM GMT The recovery that we’re forecasting for the US, UK and euro-zone commercial property markets is likely to be the weakest on record.
Europe Commercial Property Update Germany not the only source of debt distress in Europe Recent media attention has focused on the downturn in Germany and the travails of its lenders exposed to the crash in property values both domestically and in the US. While the focus on Europe’s... 1st March 2024 · 3 mins read
US Commercial Property Update Why have office delinquencies not hit GFC-era highs? The resilience of the US economy in this cycle means the rise in distressed assets has been much slower than in the GFC-era recession, as relatively few firms have gone bust. But the structural... 29th February 2024 · 4 mins read
UK Commercial Property Rapid Response Lending to commercial property (Jan. 24) 29th February 2024 · 1 min read
UK Commercial Property Update Green premium helps drive refurbishment boom The latest crane survey reported the highest volume of London office starts on record. In part that reflects a refurbishment boom as developers retrofit their buildings to meet MEES standards and... 28th February 2024 · 3 mins read
US Commercial Property Valuation Monitor US Commercial Property Valuation Monitor (Q1 2024) All-property valuations saw the largest quarterly increase in over a decade in Q4, as property yields rose across all sectors and the 10-year Treasury yield saw its sharpest quarterly decline since Q1... 26th February 2024 · 1 min read
UK Commercial Property Outlook A recovery, but not much of one With property yields close to a peak and rental growth surprising on the upside, total returns will turn positive in 2024. But we doubt the fall in risk-free interest rates we expect will trigger any... 23rd February 2024 · 23 mins read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q1 2024) Our Europe Commercial Property Chart Pack has been updated with the latest data and our analysis. The property correction slowed slightly at the end of last year, but we think the fall in capital... 23rd February 2024 · 0 mins read
Event Property Drop-In: UK commercial property’s muted recovery 28th February 2024, 10:00AM GMT All-property total returns will turn positive in 2024 but we don’t think the recovery will be much to write home about.
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q1 2024) Property valuations improved in Q4 on the back of further rises in property yields and falls in alternative asset yields. This resulted in many office and retail markets shifting into fair value... 21st February 2024 · 0 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q1 24) All-property values are down by 15% since mid-2022. But, with cap rates set to climb toward 5.5% by the end of the forecast period, we think capital value falls have some way to go still, with the... 20th February 2024 · 1 min read
