US Commercial Property Update Share of remote work key to global office performance The wide divergence in global office market performance to-date has been driven by significant differences in the return to office and the impact that has had on occupiers’ leasing decisions. US... 29th April 2024 · 5 mins read
US Commercial Property Update Q1 RICS survey highlights diverging market views While overall surveyor sentiment remains negative, the Q1 RICS survey appeared to show a divergence in views between respondents of where in the cycle the market currently is. We think the apparent... 26th April 2024 · 3 mins read
Europe Commercial Property Update Still-weak sentiment consistent with sluggish recovery The latest RICS survey suggested that there was a further improvement in occupier and investment demand at the beginning of 2024. However, the big picture was one of a very weak market, reaffirming... 25th April 2024 · 3 mins read
UK Commercial Property Update Residential rental growth to outperform The Q1 RICS commercial survey provided further evidence that occupier demand has turned the corner, with demand ticking up in the industrial and office sectors. But with availability still elevated... 25th April 2024 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Apr. 24) All-property yields have been broadly stable since the start of the year. Higher-than-expected interest rates mean yields may see a further small rise over the next few months, but we still think they... 24th April 2024 · 1 min read
Europe Commercial Property Update Oslo offices to lead the way in Scandinavia Prime office rent growth in Scandinavia is expected to moderate in the coming years as soft demand and rising supply push up vacancy. But having trailed the other Scandinavian cities in 2023, we think... 23rd April 2024 · 3 mins read
Europe Commercial Property Update Expect subpar rental performance in Germany While rental performance in German commercial property markets has been relatively solid given the country’s poor economic performance over the past five or so years, we think this is set to end. 16th April 2024 · 3 mins read
Europe Commercial Property Update Answering questions from our recent Drop-In This week we held a Drop-In on the outlook for euro-zone commercial property. Clients can access a recording here. This Update provides answers to the most interesting questions that emerged from the... 11th April 2024 · 3 mins read
US Commercial Property Office Metros Outlook Value falls of 25% still to come in worst-hit markets Our latest office metro forecasts highlight a continued divergence between southern metros and the western and major markets. That difference in performance will be driven by a smaller hit to demand... 8th April 2024 · 7 mins read
Europe Commercial Property Update Paris prime office rent gains to slow After a solid 2023, we expect Paris prime office rental growth to slow markedly over the next couple of years as demand softens, supply rises and affordability bites. That said, rental gains over 2024... 27th March 2024 · 3 mins read
US Commercial Property Outlook A tough year in store, but retail returns will be positive This year is being flagged by many as the year the recovery starts, but there is still a substantial amount of pain (and value falls) to come. We think activity will gradually pick up in H2, but... 22nd March 2024 · 22 mins read
Europe Commercial Property Outlook Further value falls to come, but should reach trough in H2 Further near-term yield rises will push property values lower in the coming quarters, but better valuations, falling interest rates and improving economic activity suggest a trough should be reached... 21st March 2024 · 31 mins read
Event Property Drop-In: US CRE Outlook – When’s the recovery? 1710860400 US commercial real estate prices may have fallen 15% from their peaks – led by a 30% plunge in office values – but this isn’t over.
Europe Commercial Property Update Drop back in office completions to support prime rents Completions in Europe are set to increase over the next year or so as construction delays unwind, which will contribute to rising vacancy. However, we expect the upward pressure from supply to ease... 5th March 2024 · 3 mins read
Event CRE Drop-In: Unpacking the slowest commercial real estate recovery on record 1710257400 The recovery that we’re forecasting for the US, UK and euro-zone commercial property markets is likely to be the weakest on record.
US Commercial Property Update Why have office delinquencies not hit GFC-era highs? The resilience of the US economy in this cycle means the rise in distressed assets has been much slower than in the GFC-era recession, as relatively few firms have gone bust. But the structural... 29th February 2024 · 4 mins read