UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (May 26)

After another month-on-month decline, the headline CIPS construction PMI dropped to 38.2, its lowest level since May 2020. Meanwhile, t he fourth consecutive fall in the future activity index, to 53.0...

4th June 2026 · 1 min read

UK Commercial Property Rapid Response

Lending to UK commercial property (Apr. 26)

Net lending to commercial property totalled around £1.5bn in April, weaker than the strong March reading of £2.5bn. The softer April reading likely reflected a slowdown in the investment transactions...

2nd June 2026 · 1 min read

UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (Apr. 26)

The headline CIPS construction PMI fell by nearly 6%-pts in April to 39.7, its lowest reading since November. Meanwhile, the input prices index again climbed sharply, reaching 81.4, now more than 20%...

7th May 2026 · 2 mins read

UK Commercial Property Rapid Response

Lending to UK commercial property (Mar. 26)

Net lending to commercial property rose sharply in March, reaching £2.5bn. Given that was the first full month following the start of the Iran war, on first glance the strength of the data come as a...

1st May 2026 · 2 mins read

UK Commercial Property Update

Multifamily build-to-rent supply to recover from 2028

High financing and construction costs, combined with significant delays from the Building Safety Act, meant multifamily build-to-rent completions saw a 28% y/y decline in 2025. A thin pipeline...

29th April 2026 · 4 mins read

Global Commercial Property Update

CRE construction cost rises most impactful in retail and hotels

Commercial real estate construction costs are already showing signs of rising due to the Iran war. While this will weigh on profitability of new projects, the impact will vary by sector, with retail...

23rd April 2026 · 3 mins read

UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (Mar. 26)

The headline CIPS construction PMI saw a surprising tick higher in March. But with the input price index climbing precipitously and new orders and future business expectations dropping back, it’s...

8th April 2026 · 2 mins read

Global Property Outlook

Iran war’s property impact will be small and short-lived

Given the fast-moving nature of events in Iran and the Strait of Hormuz, this global publication brings together our updated residential and commercial property market analysis and forecasts. It...

1st April 2026 · 23 mins read

APAC Commercial Property Chart Pack

APAC Commercial Property Chart Pack (Q1 2026)

Asia-Pacific all-property capital value declines eased further in Q4 to minus 0.8% y/y, reinforcing signs that the market is bottoming out. Looking ahead, however, elevated risk-free rates and muted...

26th February 2026 · 1 min read

UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (Jan. 26)

The headline CIPS construction PMI leapt to 46.4 in January, a level broadly in line with September 2025 after three particularly weak months at the end of 2025. Nevertheless, that kept the index in...

5th February 2026 · 1 min read

US Commercial Property Update

Why have data center REIT prices and asset values diverged?

The divergence between data center REIT performance and data center asset values over the last year appears to reflect the high level of uncertainty in the sector. Questions over power constraints...

22nd January 2026 · 4 mins read

US Commercial Property Outlook

Retail shines in a disappointing recovery

Below-trend economic growth and high interest rates will continue to weigh on all-property total returns, which we think will average just 5.5% p.a. over 2026-30. Of the major sectors, we think retail...

4th December 2025 · 21 mins read

APAC Commercial Property Outlook

Narrow yield spreads to limit size and speed of the recovery

Asia-Pacific property faces a slow, uneven recovery as high risk-free rates and weak growth limit investment demand and therefore, prospects for yield-driven capital gains. Spreads over risk-free...

2nd December 2025 · 18 mins read

Europe Commercial Property Update

Conversions reinforce a strong Spanish office rent outlook

Office rental growth in Spain’s major markets will be underpinned by rapid employment growth and relatively low rates of hybrid work. And these trends are further supported by healthy conversion...

2nd October 2025 · 3 mins read

APAC Commercial Property Outlook

Buyer-seller mismatch will keep investment slow

Asia-Pacific property will endure a slow , uneven recovery. E levated risk-free rates and soft regional growth will restrain capital appreciation, leaving income as the primary engine of returns. We...

18th September 2025 · 19 mins read