Europe Commercial Property Update Budapest offices to see one last hurrah in 2019 Delays on development projects mean that demand will comfortably exceed completions next year, driving rental values higher again. Thereafter, annual completions could reach in excess of 300,000 sqm... 2nd November 2018 · 1 min read
Europe Commercial Property Update Prime retail rents increasingly likely to plateau The number of retail markets seeing prime rents stagnate or fall is at the highest level since 2009. But there are good reasons why that number is more likely to rise than to reverse over the next... 1st November 2018 · 1 min read
UK Commercial Property Update A new norm for London office floor space per worker? The fall in office floor space per worker, aided by the trend towards more flexible working environments, appears to be permanent. It means that each square foot of space has become more productive... 31st October 2018 · 1 min read
Europe Commercial Property Update Dublin office rents set to fall on rising vacancy Dublin’s large office pipeline has started to push vacancy higher, in spite of strong take-up volumes. As occupier demand softens, further increases in vacancy will start to put downward pressure on... 26th October 2018 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) The RICS Survey for Q3 showed a deterioration in tenant demand. Respondents continue to expect a modest decline in rents over the rest of the year. 25th October 2018 · 1 min read
Europe Commercial Property Update Plateauing French investment points to stable yields With no obvious indication that French property investment will change significantly next year, our upcoming forecasting round is likely to see a flattening in our property yield profile for 2019. 23rd October 2018 · 1 min read
Europe Commercial Property Update Headwinds loom for retail rents in Spain The short-term outlook for prime retail occupier demand in Barcelona and Madrid should support a further rise in rents next year. But with a number of headwinds on the horizon, rental growth is likely... 19th October 2018 · 1 min read
Europe Commercial Property Update Further upside for Oslo offices Falling vacancy will drive up prime office rents in Oslo by around 14% by the end of 2020. And, with government bond yields forecast to stabilise at about 2%, there will be little upward pressure on... 17th October 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Sep.) In September, the total value of commercial property investment softened slightly compared to August despite including a single deal worth £1.46bn. And with the market still suffering from a lack of... 15th October 2018 · 1 min read
Europe Commercial Property Update Clouds darken over Milan office outlook With the economic outlook in Italy softening, the likelihood of weaker tenant demand at a time of rising completions means that we have lowered our forecasts for rental growth in 2019 and 2020. 5th October 2018 · 1 min read
UK Commercial Property Update Jobs data provide better read on London office demand Take-up numbers appear to be overstating the strength of underlying occupier demand in London’s office markets. Indeed, the solid, but less buoyant employment data is more consistent with the subdued... 4th October 2018 · 1 min read
Europe Commercial Property Update Lyon offices to benefit from pickup in French growth The French economy has disappointed so far this year, but we expect stronger growth in the second half of the year and into 2019. This will be positive for the regional office markets such as Lyon... 2nd October 2018 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Sep.) September’s fall in the headline construction PMI does not alter the fact that construction activity has improved taking Q3 as a whole. Current demand conditions also appear to have improved, but... 2nd October 2018 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Aug.) Net lending to property increased strongly in August. However, the details show that the increase was driven by lending for standing property, while net lending for development declined for the fourth... 1st October 2018 · 1 min read
Europe Commercial Property Update Prospects for Dutch retail rents revised lower Changing shopping patterns and pockets of new supply in both Amsterdam and Rotterdam have meant that Dutch high street rents have not performed as well as might be expected given the strong consumer... 26th September 2018 · 1 min read
Europe Commercial Property Update Lisbon retail tailwinds fading Lisbon was one of the best performing retail markets last year, as high street rents rose by 14%, reflecting healthy retailer activity. But with the strength of key drivers fading, we expect rental... 24th September 2018 · 1 min read
