The first data for 2009Q3 showed a pick-up in European commercial property investment activity, accompanied by a picture of broad stability for initial yields. At the same time, rental values declined as the recession continued to feed through to occupier demand. We expect labour markets to weaken further, with the result that rental values will remain under downward pressure.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.