Are we too pessimistic about Spanish office rents?

Our forecast is for a cumulative fall in Spanish prime office rents over the next two years. But we think this view is justified as occupier demand is likely to improve only gradually, meaning space released to the market won’t be fully absorbed. In fact, the risks to our below-consensus view appear to be on the downside. On 14th January, economists from across our property services will be holding an online briefing about the long-term outlook for the commercial and residential sectors as part of our ‘The Future of Property’ series. Details and complimentary registration are here.