UK Commercial Property Data Response Lending to commercial property (Oct.) Falling capital values have not yet deterred commercial property investors, with net lending to property increasing for the second month in a row in October. Bargain hunters may have given lending a... 29th November 2022 · 3 mins read
UK Commercial Property Outlook Recession to hit rental growth as yields rise The surge in interest rates in recent months has quickly been reflected in property yields, and as a result we have brought forward some of our forecasted rise in yields from 2023 into 2022. But with... 28th November 2022 · 28 mins read
Event Drop-In: UK house prices go over the edge – how far will they fall? 1669888800 Chief Property Economist Andrew Burrell and Andrew Wishart, who leads our UK housing coverage, held a briefing on the shape of the coming downturn i
Long Run Returns Monitor Long Run Returns Monitor (Q4) Our Long Run Returns Monitor provides our updated long-term projected returns for major asset classes, as well as a summary of the macroeconomic forecasts which underpin them. All projections in this... 25th November 2022 · 1 min read
Europe Commercial Property Update Consensus view of 2023 office rents is too optimistic The latest IPF Consensus survey showed a significant upgrade to 2022 European office rent growth expectations, largely due to strong rent outturns in Q2 and Q3 this year. A slowdown is expected in... 24th November 2022 · 3 mins read
Non-Euro Europe Commercial Property Chart Pack Emerging Europe: Capital values fall in most of CEE Property yield rises stepped up in Q3, causing all-property capital values to fall on a quarterly basis in the CEE markets except for Bucharest. This was despite solid office and industrial rental... 23rd November 2022 · 5 mins read
US Commercial Property Chart Pack Capital value falls set to accelerate The sharp rise in Treasury yields this year has finally begun to feed through to the property data. Q3 investment activity fell by more than 20% on both a q/q and y/y basis, with loan originations... 22nd November 2022 · 10 mins read
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: Property yields jump Prime property yields rose significantly in Q3. This caused a sharp slowdown in capital value growth, even though rental growth was solid in the Scandinavian office and industrial sectors. Stockholm... 22nd November 2022 · 5 mins read
UK Commercial Property Update Retail property no longer an outlier The cost-of-living crisis will have an impact on UK high streets for much of the next year. That will not be helpful for retail property rents, although given they are starting from a low base, we... 18th November 2022 · 3 mins read
Europe Commercial Property Chart Pack Sharpest fall in all-property values since 2009 Q1 Higher interest rates and a weaker outlook for economic activity led to a more significant rise in property yields in Q3. While quarterly rental rises remained solid, particularly for offices and... 18th November 2022 · 9 mins read
US Commercial Property Update Which sector would be hit hardest in a deeper recession? Our current view is that we see a mild recession in H1 2023, but if we were to see a more substantial drop in GDP, we think the extra downside impact would be felt most in the apartment sector. Indeed... 17th November 2022 · 3 mins read
US Housing Market Update Rental market conditions begin to ease The small increase in vacancy in Q3 supports our view that the rental market is turning a corner and makes us increasingly confident in our call that rents will fall next year. Conditions remain... 16th November 2022 · 3 mins read
UK Commercial Property Update Rising vacancy will cut London office rents Even as Central London office vacancy rates rose to a 12-year peak in Q3, annual rental growth ticked-up to three-year high. That marks a reversal from the situation prior to COVID-19, when a tight... 15th November 2022 · 3 mins read
Europe Commercial Property Update Further declines in store for Paris prime retail rents Falls in Paris prime retail rents are set to continue into 2023 as weaker domestic and foreign spending weigh on tenant demand. And while the prospects for both are brighter for 2024, we think the... 11th November 2022 · 3 mins read
UK Commercial Property Valuation Monitor Rising property yields help valuations stabilise Commercial property valuations began to stabilise in Q3, as a large rise in property yields helped offset a further rise in alternative asset yields. And with the reversal of the “mini-Budget” meaning... 10th November 2022 · 7 mins read
US Commercial Property Update ULI Consensus Forecast (Fall 2022) Consensus forecasts for 2023 have been downgraded pretty sharply since the Spring, but we don’t think they have gone far enough. While the consensus is predicting total returns of nearly 4% next year... 10th November 2022 · 2 mins read
