Our commercial property consultants combine the market-making of management consultants with the accountability of professional advisors. We work with occupiers, investors and developers of office, industrial and logistic, retail and hotel property.
We provide: strategic advice and execution for property investment, sales and leasing; tenant representation, corporate services; facilities, property and project management; appraisal and valuation; development services; energy and sustainability services, and research and consulting.
• Economic conditions are positive and investors have ample capital to deploy in real estate
• In EMEA, investors are planning for $475 billion in real estate investments in 2017
• For 2017, 85% of investors intend to spend at least as much as in 2016, and 40% expect to spend more
• Germany is ahead of the UK as the most attractive place to invest, as was the case in 2016, but investors are
showing an increasing tendency to invest in the UK despite uncertainty over Brexit
• The Nordics enters the top three with a significant jump compared to 2016
• London retains the top spot as most popular city to invest in with an increased share, but Berlin shows the
biggest increase, moving into second place
• ‘Pricing’ and ‘Availability of product’ are the biggest obstacles to investing in EMEA real estate
• Office is the most popular sector: interest in logistics has increased
• Risk appetite has increased slightly
• Income related factors such as ‘Yield relative to other asset classes’ are investor’s key motivations for investing
in real estate
Now in its fifth year, the EMEA Fit Out Cost Guide is widely regarded as an industry benchmark. It provides market-leading insights and data to clients, providing invaluable support when it comes to location and fit out decisions. The EMEA edition is part of a global suite of guides, designed to support our clients wherever they do business.
This year's edition covers 64 locations. Key features including different specifications, technology and furniture costs, and moves and relocations, are continued, while details around workplace have been updated in line with current trends.
The traditional and agile layouts featured in this year’s Guide have also been updated, to reflect client demands, including innovative space and furniture solutions.
• Total nominal value of the European Commercial Real Estate (CRE) investment debt decreased slightly over the course of 2016 from €1.14 trillion to €1.06 trillion, which is largely attributed to reduced levels of investment transactions in 2016
• We estimate that new debt issued increased from €68 billion in 2013 to €125 billion in 2015, while maintaining at €116 billion in 2016
• Additionally, the amount of debt retired in 2016 is also in line with the new origination levels over the past year
• 2016 was the first year, since post-GFC loan sale activity commenced in Europe, that real estate secured loan sale activity fell
• In 2017, we expect loan sale activity to pick up from 2016, albeit the activity will be relatively concentrated across several key jurisdictions, for instance Italy and Spain
The 2017 CBRE European Occupier survey covered 131 companies. Nearly 90% of the companies surveyed are headquartered in either Europe or North America, and two-thirds have a remit that is either global or EMEA-wide. The survey covers a range of sectors, with four dominant components: technology and telecoms, banking and finance, professional services and manufacturing.
The CBRE 2018 Europe Real Estate Market Outlook provides insight on the key trends our experts think will affect the European property industry over the next 12 months.
Positive economic environment for most of Europe through 2018 to 2019
The prospect of higher long-term interest rates will start to pose a challenge to property pricing
Continued strong growth in assets under management will put pressure on investors to deploy capital
Another strong year for office-based employment growth in 2018
Growth in appetite for flexible offices will permeate across European markets
Retailers increasingly focused on getting their city strategy correct. This will support rental growth at the prime end of the market
Very strong demand growth has cut the availability of large-scale modern space, producing capacity constraints in some of the main European logistic hubs. Coupled with strong e-commerce relate growth this will support further rental increase
The evolution of the residential sector will be supported by the sheer quantity of capital available for real estate investment in 2018, increasingly through development in order to build scale
Stock shortages and premium pricing in gateway cities for the hotel sector will encourage investors to look further afield at secondary and niche opportunities
A key feature in 2018 will be operator consolidation across Europe in the alternatives sector. This will present real estate investors with new partnership opportunities as well as enhancing covenant strength.
Global Gateway Cities reports on office and retail investment trends in 24 global gateway cities, giving investors a comprehensive overview of pricing and market conditions. Using a mix of proprietary and key external data, CBRE Research provides an analysis of investment activity as well as economic, occupier, supply, rent and yield trends in the third edition of this report series.
CBRE's EMEA Research and A&T teams are pleased to present our inaugural flexible office report, The Flexible Revolution.
Four main insights have emerged:
Fundamental shifts in technology, economy and corporate behaviour have affected how corporates approach their real estate decisions. This has caused the increase in number, variety and quality of flexible offices in the market, which are tapping into latent occupier demand.
There are four key areas where corporate attitudes towards flexible offices differ from those of entrepreneurs and start-ups (who are commonly perceived to be the main users of flexible office space) covering: vibe, scale, model and cost.
Corporate occupier sectors sit on a scale between early stage and advanced when it comes to their current and future use of flexible offices. There is scope across this spectrum for landlords to adapt their current office products to meet occupiers’ changing needs.
Three models are emerging which landlords can use to access the flexible office market: the traditional lease model, platform model and profit/revenue share model. Regardless of which model investors pursue there are valuation implications, but it appears all future office buildings to some extent will have some sort of flexible space offering.