Europe Commercial Property Update Where next for Italian industrial rents? A surge in occupier demand has boosted industrial rents in Milan and Rome. But while there is scope for rents to move higher, we don’t think that the current pace of growth will be sustained. 14th September 2017 · 1 min read
UK Commercial Property Update What’s going on with West End office rents? On past form, the latest agency data suggest that IPD office rental values are on the cusp of a fall of at least 10%. However, such an outcome is best treated as a downside risk as the fall in prime... 11th September 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jul.) Commercial property activity fell in both value and number terms in July. Yet this drop was not particularly alarming given the seasonality in the data. But most importantly, there is little... 14th August 2017 · 1 min read
Europe Commercial Property Update Vienna retail rents could fall further in real terms Competition from prime shopping centres and questions about affordability mean that prime high street rents in Vienna will struggle to keep pace with inflation over the coming years, leading to... 9th August 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jun.) The national rate of annual house price inflation rose to 14.2% in June, from 13.9%, driven almost exclusively by a further acceleration in Toronto. But the worsening slump in home sales and higher... 12th July 2017 · 1 min read
Europe Commercial Property Update Investors cautious about secondary retail assets in Spain The yield spread between prime and secondary Spanish retail property has widened recently. With a slowdown in consumer spending on the cards, a cautious approach to secondary assets makes sense. 5th July 2017 · 1 min read
UK Commercial Property Update Will rising food prices help stem supermarket rental falls? Rising food prices are not a sign of growing pricing power for supermarket chains. Rather they are another sign of increased pressure on margins, implying that the unprecedented two-year decline in... 30th June 2017 · 1 min read
Europe Commercial Property Update Solid French economic outlook bodes well for occupier demand With President Macron’s parliamentary majority putting him firmly in control in Paris, the prospects for the French economy are pretty good. The economic recovery will continue to boost firms’... 28th June 2017 · 1 min read
Europe Commercial Property Update Are investors questioning rental growth prospects in Dublin? With a large pipeline, concerns about future rental growth are probably behind the flat-lining of prime Dublin office yields. But while rental growth will ease, we don’t think rents are about to fall. 27th June 2017 · 1 min read
UK Commercial Property Chart Pack Signs of normalisation in the investment market All in all, there was still little, if any, evidence to suggest that the Brexit process is having a major impact on property market sentiment or activity levels. And there was little to alter our view... 23rd June 2017 · 1 min read
Europe Commercial Property Update Falling Amsterdam office stock to drive rental value surge Amsterdam office vacancy has dropped from 17% to 8%, but we expect it to fall to 4% by 2019 as limited completions are outstripped by stock removals. This will drive a 15% lift in prime rents and will... 23rd June 2017 · 1 min read
Europe Commercial Property Update Improved economic outlook in Finland emboldens investors The Finnish economy is benefitting from a cyclical recovery in the euro-zone and Russia. This is likely to attract more core capital to Helsinki, given its appealing yield and solid rental growth... 16th June 2017 · 1 min read
Europe Commercial Property Update Further headwinds for Swiss office rents A pick-up in the Swiss economy should improve demand for office space. However, the size of the development pipeline means that it could take longer than expected before prime office rents in Geneva... 13th June 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (May) After a subdued month in April, UK commercial property investment activity picked up in May. It was also encouraging that, at least in this months’ figures, there were tentative signs of improving... 12th June 2017 · 1 min read
Europe Commercial Property Update Strong pipeline to weigh on Bucharest office rents In recent years, strong occupier demand has helped prime office rents in Bucharest hold up in the face of a healthy development. But by end-2018, completions totalling 18% of existing stock are... 9th June 2017 · 1 min read
Europe Commercial Property Update What might the surge in new retail supply mean for Warsaw? Shopping centre development in Warsaw is picking up pace. While the city’s growing wealth and low vacancy rate mean that it can accommodate more retail floorspace, we have nudged down our rental... 8th June 2017 · 1 min read
