Europe Commercial Property Update Scandi offices to prove more resilient than euro-zone Timely activity indicators suggest that the Scandinavian economies are already on the gradual path to normality, which will provide support to occupier demand and, in turn, prime office rents this... 10th June 2020 · 3 mins read
UK Commercial Property Update Rise in Central London vacancy to hurt office rents A reasonable proportion of the Central London office completions for this year are likely to be pushed into 2021, but a fall in employment will hit demand for office space and lead to a pick-up in... 9th June 2020 · 3 mins read
Europe Commercial Property Update Crash in cross-border flows to hit southern Europe hard Markets that are most reliant on international capital will inevitably bear the brunt of the collapse in cross-border flows as investors remain very cautious in the face of COVID-19-related... 2nd June 2020 · 3 mins read
US Commercial Property Update ULI Consensus Forecast (Spring 2020) Forecasts for all indicators in 2020 have shown a marked deterioration since the interim year-end 2019 forecast published in January. While the consensus sector ranking is in line with our March... 21st May 2020 · 2 mins read
Europe Commercial Property Focus Which retail markets are most exposed to COVID-19? Before the virus outbreak, falls in prime retail rents were expected to be concentrated in Northern European markets. Now rental falls are likely to spread throughout Southern and Central Eastern... 14th May 2020 · 12 mins read
US Commercial Property Update Office rent growth outlook downgraded Our initial expectations that office landlords would see only a limited and short-lived fall in occupier demand have given way to a growing likelihood of a more adverse outlook. We have therefore... 13th May 2020 · 3 mins read
Europe Commercial Property Update Impact of WFH on European office demand Data from Europe suggest that the relationship between working from home and office space per worker is weak. And even if working from home becomes more prevalent in the next few years, we think that... 11th May 2020 · 3 mins read
Europe Commercial Property Update Gradual recovery will drag on the retail sector The lack of clear movement in the Q1 commercial property data has put other indicators into focus. These paint a much bleaker picture, particularly for the retail sector. 7th May 2020 · 4 mins read
Europe Commercial Property Update German offices likely to outperform rest of euro-zone As Germany cautiously eases its lockdown, despite the significant hit to economic activity, the tight supply picture should help support prime office rents across the four main cities this year. 1st May 2020 · 3 mins read
Europe Commercial Property Update Investor sentiment turns sour Despite reasonable levels of capital ready to invest and an expected loosening in credit conditions, the sharp deterioration in investor sentiment reinforces our view that euro-zone investment... 30th April 2020 · 3 mins read
US Commercial Property Data Response NCREIF Property Index (Q1) Data for the first quarter show that all-property total returns saw their weakest quarterly performance since the tail-end of the GFC. Given that occupier market conditions have since deteriorated and... 28th April 2020 · 3 mins read
UK Commercial Property Update Investment activity to fall by a third this year Due to the spread of COVID-19, it is increasingly likely that investment activity will slump to a record low level in the second quarter. Even though we expect a pickup in the second half of the year... 22nd April 2020 · 3 mins read
US Commercial Property Update Office foundations look less shaky this time around After a decade of relatively cautious real estate lending and steady, rather than stunning, economic growth, office development has remained fairly subdued. What’s more, for both practical and... 16th April 2020 · 3 mins read
Europe Commercial Property Update Looser measures won’t stop retail rent falls in Stockholm Although retailers in Sweden remain open, early indications suggest that the Stockholm retail sector will still be hit hard in Q2. In fact, we think that the virus outbreak will only accelerate falls... 16th April 2020 · 3 mins read
Europe Commercial Property Update Is southern Europe finally embracing e-commerce? While COVID-19 has forced consumers in southern Europe to shop online, we think that e-commerce penetration will remain lower for structural reasons, which is one reason why prime retail rents in... 14th April 2020 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Mar.) The amount of debt secured against real estate and held by commercial banks continued to grow in March. But the bigger picture is that the rate of growth of lending is showing signs of weakening and... 10th April 2020 · 2 mins read
