Invitation-only Roundtable
2024 Commercial Property Outlook
Mapping out an eventual recovery
Wednesday 13th December
London
2023 was a grim year for UK and European commercial property. The coming year won’t bring much relief – initially at least – with still-high rates and subdued economic activity weighing on transactions. Recovery will come as central banks start to ease – but how strong will it be and how will the upturn be distributed across regions and sectors?
Chief Property Economist Andrew Burrell and economists from our Commercial Property teams were joined by our partners in Real Estate for this exclusive in-person briefing all about the risks and opportunities facing commercial property in 2024.
During the session, the team took questions from the audience as they discussed key issues facing the year ahead, including:
- Timing the rate cycle and how it could feed through to recovery;
- Why the UK looks better placed for recovery as core euro-zone struggles;
- Why offices could miss the recovery altogether in 2024.
Meet our speakers:
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Andrew Burrell
Independent Advisor
Andrew Burrell is currently working as an Independent Advisor for Capital Economics. He was Chief Property Economist from 2018 until earlier this year. Prior to this he was the EMEA Head of Economics and Forecasting at JLL, working closely with European property investors. A decade in real estate was preceded by over 15 years as a professional economist at Experian, the Bank of England, RBS and the London Business School. He is an active member of both SPR and IPF.
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Matthew Pointon
Senior Commercial Real Estate Economist
Matthew Pointon is a Senior Economist who leads our UK Commercial Property service, having previously been responsible for our US and UK housing research. Prior to Capital Economics, Matthew worked as an economist at HM Treasury, where among other roles he covered the macroeconomics of the housing and household sector. He holds an undergraduate degree in Economics from the University of Bath, and an MSc in Economics and Econometrics from the University of Bristol.
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James McMorrow
Senior Commercial Real Estate Economist
James McMorrow joined Capital Economics as an Economist in June 2022 and currently works on our Europe Commercial Property service. Prior to joining Capital Economics, he worked as an Assistant Economist at the Department for Transport in its Regions and Cities and Rail Analysis divisions. James holds a BSc in Economics and Accounting from Queen’s University Belfast and an MSc in Economics from Trinity College Dublin.
