UK Commercial Property Focus A weaker outlook for shopping centres The evidence suggests that the headwinds currently buffeting the retail sector are taking a larger toll on shopping centres than on other types of retail property. As a result, and in contrast to the... 21st June 2018 · 1 min read
UK Commercial Property Update Where to for office rents in the Rest of the South East? The latest labour market data paint a worrying picture for occupier demand and rental value growth in the South East office market. Yet other indicators are more positive, and if we are right to... 19th June 2018 · 1 min read
UK Commercial Property Update Is the rise of flexible offices distorting vacancy rates? The surge in flexible office take-up over the past five years has raised the question as to whether office vacancy rates could be distorted as flexible offices tend to not be fully occupied. However... 13th June 2018 · 1 min read
UK Commercial Property Update What are the prospects for the leisure sector? In contrast to the problems on the high street, leisure sector fundamentals look strong. The outlook for leisure rental value growth is positive, supported by rising real incomes and solid underlying... 6th June 2018 · 1 min read
China Economics Update Property investment is weaker than meets the eye Real estate investment has recently returned to double digit growth. But a closer look at the data reveals that this recovery has been entirely driven by a jump in developers’ land purchases, which is... 29th May 2018 · 1 min read
Europe Commercial Property Update Are we too optimistic on Dublin retail rents? Q1 data indicate a rise in prime Dublin retail rents, following last year’s stagnation. With strong demand and supply fundamentals, we think rents will rise further over the next couple of years, but... 11th May 2018 · 1 min read
Europe Commercial Property Update How big is the threat of zombie malls in Europe? Dire predictions for US shopping centre closures appear relatively well-founded. However, for a variety of reasons – including more defensive lease terms, lower stock per capita and tighter planning... 3rd May 2018 · 6 mins read
UK Commercial Property Update Will Rest of South East offices continue to outperform? Compared to other office markets, the Rest of the South East has been performing well. However, we do not expect this outperformance to last. A fresh surge in occupier demand seems unlikely and, as... 3rd May 2018 · 1 min read
Europe Commercial Property Update How healthy is German industrial demand? Following last year’s fall in take-up, recent signs that the German economy is coming off the boil raise questions about industrial and logistics demand. However, we think that the economic outlook is... 1st May 2018 · 1 min read
Europe Commercial Property Update Prospects for Bucharest industrial rents weakening Strong demand for industrial space in Bucharest has pushed vacancy down to very low levels. Yet prime rents have been flat for the past 18 months as rising capital values have supported new... 26th April 2018 · 1 min read
Europe Commercial Property Update Are Amsterdam office rents getting too high? As the balance of supply and demand in Amsterdam offices shifts yet further in favour of landlords, we expect the vacancy rate to fall to around 4.5% and prime rents to climb to €450/sqm/yr by the end... 19th April 2018 · 1 min read
Europe Commercial Property Update Five more years of pain for Warsaw office rents Demand for office space in Warsaw will continue to grow in the coming years, but this will not be enough to offset around 1m sqm of new stock completing over that same period. In fact, rental value... 13th April 2018 · 1 min read
UK Commercial Property Update Have regional office yields found a floor? According to MSCI, office yields in the Rest of UK office markets have fallen far more sharply over the past year than in the Rest of South East. That has returned the yield spread between the two... 5th April 2018 · 1 min read
UK Commercial Property Data Response Employment (Jan.) Today’s jobs data highlight that tentative signs of a moderation in property investment market activity are not being reflected in, or driven by, occupier fundamentals. If anything, labour shortages... 21st March 2018 · 1 min read
China Economics Update Pain ahead for property developers China’s property sector has had a good couple of years and this has resulted in higher valuations for listed real estate developers. But the recent strength of land sales points, we think, to... 2nd March 2018 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts The IPF consensus has pushed up its forecast for all-property total returns this year, reflecting a less pessimistic outlook for rental growth. But in 2019 and 2020 a gradual upward drift in yields is... 23rd February 2018 · 1 min read
