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
Europe Commercial Property Update Corporate bonds more supportive of French property valuations Rises in French government bond yields point to material increases in property yields in the next year or so. However, corporate bond yields, as an alternative benchmark, suggest less need for... 5th November 2025 · 3 mins 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 NCREIF Q3 2025: Same old, same old Capital values were broadly flat in Q3 and total returns reached 1.2% q/q, unchanged from Q2. While the main sector ranking is consistent with our views – retail and residential leading, office and... 27th October 2025 · 3 mins read
US Commercial Property Update Self-storage valuations look most stretched of all main sectors Self-storage cap rates are roughly on par with the 10-year Treasury yield, which is well short of the 200bps spread seen over the last 10 years. Coupled with an uninspiring outlook for rent growth... 22nd October 2025 · 4 mins read
Europe Commercial Property Update CE lead indicator points to euro-zone capital value slowdown Our new CE Capital Value Lead Indicator for the euro-zone is consistent with our latest forecast view that prime all-property capital value growth will slow to below 5% y/y by year-end. 20th October 2025 · 3 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
Europe Commercial Property Outlook Weak recovery despite lower interest rates The extension of the ECB easing cycle into 2026 will support real estate markets. However, a softer economic outlook and the narrow spread of property to government bond yields mean even our upwardly... 29th September 2025 · 26 mins read
Europe Commercial Property Update Estimates point to steady euro-zone all-property yields further ahead Fair-value calculations which incorporate rental expectations suggest euro-zone all-property yields should hold steady in the medium term. However, the outlook differs by sector, with rises still... 25th September 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
APAC Commercial Property Chart Pack APAC Commercial Property Chart Pack (Q3 2025) Asia-Pacific all-property capital values showed signs of stabilisation, with a milder 2.5% y/y decline in Q2. Still, the upturn in both investment activity and capital values will be weaker than in... 2nd September 2025 · 1 min read
US Commercial Property Valuation Monitor US Commercial Property Valuation Monitor (Q3 2025) Valuation scores held steady in Q2 and continue to suggest the sector is a little overvalued. This underpins our view that values still need further falls to support a stronger pickup in investment... 19th August 2025 · 0 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q3 2025) Commercial property valuations improved in Q2 this year as alternative asset yields fell even though prime property yields edged slightly lower. Looking ahead, we think government bond yields will... 18th August 2025 · 0 mins read
APAC Commercial Property Valuation Monitor APAC Commercial Property Valuation Monitor (Q3 2025) The decline in Q2 government bond yields boosted APAC valuation scores. But with risk-free rates still high, property yields will not see meaningful falls. 18th August 2025 · 1 min read
UK Commercial Property Update Strong rent prospects support UK industrial valuations Decent rental growth expectations and a narrowing risk premium imply that industrial is only marginally overvalued, despite an historically narrow gap between industrial yields and alternative asset... 12th August 2025 · 3 mins read
UK Commercial Property Valuation Monitor UK Commercial Property Valuation Monitor (Q3 25) Property valuations were unchanged in Q2, with both property and alternative asset yields steady over the quarter. 7th August 2025 · 1 min read
