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
Commodities Update Strategic reserves are no substitute for an open Strait A record-breaking release of emergency oil reserves could cushion a lack of supply from the Middle East and provide some relief to oil prices. However, this would prove temporary with prices likely to... 11th March 2026 · 4 mins read
Global Economics Update Scenarios for the Iran war & the macro impact This note assesses the macro and commodity‑market implications of three potential scenarios for the Iran war. In the most benign – a severe but short‑lived conflict – the effects on GDP, inflation and... 10th March 2026 · 7 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
UK Economics Update UK industry, hotels and retail vulnerable to rising energy costs The recent rise in the UK wholesale gas price due to the events in the Middle East, so far, points to only a modest rise in firms’ energy costs. But industry and those services sectors hit hardest by... 5th March 2026 · 3 mins read
Global Economics Update The consequences of the Middle East conflict The global economic impact of conflict in the Middle East will hinge on its effect on energy markets. If oil stays near $70-$80 per barrel, DM inflation will be only about 0.2-0.3 percentage points... 2nd March 2026 · 8 mins read
US Commercial Property Update Foreign capital flows to the US set to stay at low levels The US’ relatively strong economic growth outlook and large data center market are likely to support a pick-up in foreign demand for US assets after the cross-border share of purchases fell to at... 17th February 2026 · 4 mins read
UK Commercial Property Update A strong Q4 doesn’t mean UK commercial property investment is set to boom Commercial property investment hit a record high in Q4, but we doubt that signals the start of a strong recovery. Admittedly, a fall in financing costs will give transactions something of a boost in... 6th February 2026 · 4 mins read
UK Commercial Property Update Alternatives and prime assets lead the way in RICS survey The RICS survey showed overall occupier and investment market sentiment held in the doldrums at the end of 2025, with prospects for the major sectors muted. However, the outlook for prime assets was... 29th January 2026 · 3 mins 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
UK Commercial Property Update Banks still keen to lend to UK commercial real estate A divergence between banks’ expectations for house and commercial real estate prices may explain why they are still keen to ramp up lending to commercial real estate even as the availability of credit... 20th January 2026 · 3 mins read
UK Commercial Property Update Slowing demand means UK industrial property will underperform A weak economic outlook, increased efficiency of new buildings and worsening affordability are all weighing on demand for industrial assets, which has fallen to a 15-year low according to RICS. That... 15th January 2026 · 4 mins read
UK Commercial Property Update UK commercial property returns to hit five-year high in 2026 As we expected, and in contrast to consensus, all-property yields saw no compression in 2025. But stronger-than-expected rental growth means our call for all-property total returns of 6.6% in 2025... 6th January 2026 · 3 mins read
UK Commercial Property Update IPF UK Commercial Property Consensus Forecasts (Dec. 25) The December IPF consensus survey forecasted all-property total returns of 7.8% p.a. over 2025-29, more-or-less unchanged from September. Indeed, the total return forecast has been stable for all of... 12th December 2025 · 3 mins read
UK Commercial Property Update What does the Budget mean for UK commercial property? With our 10-year gilt yield forecast unchanged and the impact of changes to business rates broadly revenue neutral over the next five year years, we are not changing are commercial property forecasts... 11th December 2025 · 4 mins read
UK Commercial Property Update New office forecasts for seven regional UK cities We have augmented our UK Commercial Property coverage with the addition of office forecasts for seven major regional cities. Overall performance is informed by our views on the RoUK market, but... 9th December 2025 · 6 mins read
