US Commercial Property Chart Pack

US Commercial Property Chart Pack Q4 2025

All-property capital values were flat in Q3 and our CE Capital Value Lead Indicator suggests more of the same in Q4 and into early 2026. Lagging appraisal adjustments and still-high financing costs...

20th November 2025 · 0 mins read

UK Commercial Property Update

Key client questions from our commercial property in 2026 roundtables

Recently we held a series of roundtable discussions with clients in our London office about the outlook for commercial real estate in 2026 and beyond. This note shares our answers to some of the most...

18th November 2025 · 6 mins read

APAC Commercial Property Chart Pack

APAC Commercial Property Chart Pack (Q4 2025)

Asia-Pacific all-property capital value declines slowed further with Q3 down just 1.1% y/y. Yet we expect the recovery to be modest, constrained by high risk-free rates and limited rental growth...

18th November 2025 · 1 min read

Europe Commercial Property Update

RICS surveyors’ expectations for EZ property recovery downgraded

The RICS survey showed a softening in demand, investment enquiries and the outlook for capital values in the euro-zone in Q3, consistent with our view that the commercial property recovery will weaken...

13th November 2025 · 3 mins read

APAC Commercial Property Valuation Monitor

APAC Commercial Property Valuation Monitor (Q4 2025)

Asia-Pacific valuation scores were unchanged in Q3, as property and bond yields saw little movement. While most markets are now fairly valued according to our scores, we expect high risk-free rates to...

7th November 2025 · 1 min read

UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (Oct. 25)

6th November 2025 · 1 min read

APAC Commercial Property Update

RICS data shows APAC CRE sentiment still subdued in Q3

The latest RICS Commercial Property Sentiment Index for Asia-Pacific remained in negative territory in Q3, reaffirming our view that the recovery in this cycle will be weak. Mainland China and Hong...

31st October 2025 · 3 mins read

US Commercial Property Update

Q3 US RICS survey shows growing market confidence

Investment sentiment saw a sharp improvement in Q3, buoyed by falling interest rates and growing confidence in the economic outlook, although foreign enquiries remained in the doldrums. There was also...

30th October 2025 · 3 mins read

UK Commercial Property Update

RICS survey flags concerns over the UK commercial property recovery

The RICS survey showed that occupier demand dropped back in Q3 as concerns over the economic outlook, uncertainty around the Budget and rising interests rates all sapped confidence. That has cut...

30th October 2025 · 3 mins read

UK Commercial Property Rapid Response

Lending to UK commercial property (Sep. 25)

Net lending to commercial property dropped to £1.65bn in September, from £2.60bn in August. That helped bring the three-month total down to £6.2bn, the first decline on that measure since March.

29th October 2025 · 2 mins read

UK Commercial Property Chart Pack

UK Commercial Property Chart Pack (Oct. 25)

Rental growth has continued to surprise on the upside, but signs of a more significant compression of yields in August have not carried through to September. Capital value growth is therefore muted...

21st October 2025 · 1 min read

UK Commercial Property Update

How concerning is the rise in ‘extend and pretend’ for UK commercial property loans?

The surge in net lending by banks to commercial property firms may in part reflect borrowers being forced to refinance loans on buildings they have been unable to sell. But in contrast to the GFC...

17th October 2025 · 4 mins read

US Commercial Property Update

New lead indicator points to short-lived capital value growth

Our new CE Capital Value Lead Indicator suggests that all-property capital growth may finally turn positive on an annual basis in H2 2025. But importantly, it also suggests that any growth this year...

9th October 2025 · 3 mins read

UK Commercial Property Update

New EPC analysis points to tough times ahead for offices in some UK cities

Upcoming EPC requirements, coupled with reduced occupier demand due to remote work, mean investors are shunning secondary offices, triggering a sharp decline in capital values. Our new dashboard on...

7th October 2025 · 4 mins read

UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (Sep. 25)

The headline CIPS construction PMI rose for the second consecutive month in September to 46.2, from 45.5 in August. But that is still firmly in contractionary territory.

6th October 2025 · 1 min read