Europe Commercial Property Outlook Rental growth to start driving relative market performance We see euro-zone GDP growth slowing this year due to the drag from higher inflation and political uncertainty. With no monetary policy tightening on the horizon, further falls in prime yields will... 27th February 2017 · 1 min read
UK Commercial Property Chart Pack Capital values up for fourth month With investment activity and yield movements subdued, the latest data were yet another reminder that rental values will be the primary determinant of capital value growth this year. What’s more, this... 27th February 2017 · 1 min read
Europe Commercial Property Focus Have Paris retail rents reached a plateau? Stagnant rental values in the prime Paris retail sector over the past couple of years have seen the view that rental values have reached a ceiling gain momentum. But we believe that the factors which... 20th February 2017 · 1 min read
UK Commercial Property Update London’s employment prospects healthy The rate of employment growth in London has roughly halved since May. However, we think that occupier demand will hold up relatively well. Not only do PMIs point to relatively stable rates of... 17th February 2017 · 1 min read
Europe Commercial Property Update Rise in Dublin industrial rents not finished yet Strong demand resulting from Ireland’s economic recovery combined with limited supply has pushed prime industrial rents in Dublin up by 45% since 2013. Even so, with these tailwinds set to continue... 15th February 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan.) Commercial property investment made a disappointingly weak start to the year. However, we suspect that a lack of opportunity, rather than a lack of demand lies behind the softer data. 13th February 2017 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Prime yields continue to tumble across the sectors Steady economic growth in Western Europe has been positive for rental growth, helping to support yield falls in Q4. However, in Emerging Europe, the picture is more mixed, with the Czech Republic... 13th February 2017 · 1 min read
Europe Commercial Property Chart Pack Yields plumb new lows on strong investor appetite Strong investor demand for euro-zone commercial property assets saw investment volumes hit a record high in the fourth quarter of last year. What’s more, competition for assets saw the all-property... 13th February 2017 · 1 min read
UK Commercial Property Outlook Time to refocus on fundamentals Uncertainty and financial market volatility stemming from the Brexit negotiations still pose a risk to property pricing. But, in reality, the Brexit vote has had little, if any, lasting impact on the... 10th February 2017 · 1 min read
UK Commercial Property Update Supply pipeline dampens the outlook for Birmingham office rents Reports highlighting the very high levels of development activity in the Birmingham office market reinforce our view that the city is now poised for a period of underperformance. But in the absence of... 6th February 2017 · 1 min read
UK Commercial Property Update CIPS/Markit Construction PMI & RICS Construction (Jan/Q4) The RICS Construction survey and the CIPS/Markit Construction PMI both suggested that the pace of construction activity has slowed over recent months. Yet, in light of our positive view on economic... 2nd February 2017 · 1 min read
Europe Commercial Property Update Paris offices rental growth to disappoint in 2017 An increase in the Paris development pipeline for 2017 means that our previous forecast for office rents this year is now unlikely to be met. Instead, we now expect prime rents to grow by just 1.5%... 1st February 2017 · 1 min read
Europe Commercial Property Update Appetite for mainland European property remains strong Commercial property investment across Europe fell last year for the first time since 2009, driven by a large decline in the UK. Yet increased investment in Europe ex-UK and upbeat investor sentiment... 26th January 2017 · 1 min read
UK Commercial Property Chart Pack Mixed signals regarding London office occupier conditions The commercial property market regained a little momentum in the closing stages of last year. However, the stability of property yields in recent months, is a reminder that rental growth will probably... 26th January 2017 · 1 min read
UK Commercial Property Update What does the investment market have in store in 2017? Investment activity fell to more normal levels in 2016 and we expect 2017 to at least match it. Not only have relative yield movements made the UK look more attractive, but the economy has surprised... 17th January 2017 · 1 min read
Europe Commercial Property Update Little cause for optimism on prospects for Italian retail rents A weak economy means that prime rents in the Milan and Rome retail markets are more likely to stagnate this year than to repeat 2015’s sharp increase. We have pencilled in modest increases in rental... 16th January 2017 · 1 min read
