Europe Commercial Property Outlook Prime office outperformance to wane The limited hit to economic activity from the Iran war and our expectation that risk-free rates will fall back mean we forecast only a temporary slowdown in European commercial property value growth... 1st July 2026 · 22 mins read
US Commercial Property Update Q2 26 PREA consensus forecasts cut, especially for residential There was another reduction in the PREA consensus total return forecast for both 2026 and 2027 this quarter, led by the residential sector. However, this still left the consensus more optimistic than... 9th June 2026 · 3 mins read
UK Commercial Property Update RE:UK Consensus Forecasts (May 26) The May RE:UK consensus forecasts showed that higher risk-free rates due to the Iran war are expected to hit commercial property capital values in 2026, and all-property total returns for the year... 28th May 2026 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (May 26) The risks to the commercial property market from the Iran war are increasing, and the longer risk-free interest rates remain elevated the more likely that will feed through to higher property yields... 22nd May 2026 · 1 min read
US Commercial Property Update Q1 RICS survey implies Iran war will increase US cap rates The latest RICS survey showed that the Iran war has dampened both occupier and investor sentiment, with the latter seeing a larger fall. Rental expectations held up though, which implies the fall in... 18th May 2026 · 3 mins read
UK Commercial Property Update RICS survey points to higher UK property yields from Iran war The Q1 RICS survey showed surveyors don’t expect the Iran conflict to have an impact on occupier demand across any of the major sectors. That said, there was a deterioration in capital value... 30th April 2026 · 3 mins read
US Commercial Property Update NCREIF Q1 2026: Little divergence in regions and core sectors Income returns are already accounting for almost all the total return in the traditional sectors, but senior housing stood out positively again in Q1, seeing strong capital growth and posting a 3.9%... 27th April 2026 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Apr. 26) The Iran conflict has increased uncertainty and pushed up long-term interest rates, both of which will weigh on investment activity over the next few months. But property yields saw no rise in March... 22nd April 2026 · 1 min read
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q1 2026) The rise in economic uncertainty and market interest rates because of the Iran war will weigh on property market activity in the first half of the year. However, under our baseline scenario (in which... 13th April 2026 · 0 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
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Mar. 26) The Iran conflict has increased uncertainty and pushed up interest rates, both of which will weigh on investment activity over the next few months. But, assuming the impact of the conflict is short... 19th March 2026 · 1 min read
US Commercial Property Update Q1 26 PREA consensus much more optimistic than us The Q1 PREA consensus for returns of 6.8% p.a. over 2026-30 is significantly above our call for returns of 5.2% p.a. Our view that appraised cap rates have further to rise is behind that difference... 12th March 2026 · 3 mins read
US Commercial Property Update Iran conflict a small downside risk to US commercial real estate returns The increase in energy costs brought about by the conflict in Iran could hit commercial real estate returns either through squeezed occupier margins and therefore weaker property demand and rent... 11th March 2026 · 4 mins read
UK Commercial Property Update IPF UK Commercial Property Consensus Forecasts (Mar. 26) The March IPF consensus survey, conducted before the Iran conflict, forecasted all-property total returns of 7.7% p.a. over 2026-30 which, aside from a downgrade to 2026, was essentially unchanged... 11th March 2026 · 3 mins read
UK Commercial Property Update Iran conflict a small downside risk for UK commercial real estate The increase in energy costs brought about by the conflict in Iran could hit commercial property returns either through squeezed occupier margins and therefore weaker property demand and rent growth... 6th March 2026 · 4 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack Q1 2026 All-property capital values have stabilized in recent quarters and although our CE Capital Value Lead Indicator suggests an acceleration in H1, we think sentiment will soften in the coming months and... 5th March 2026 · 1 min read
