BCSC is the UK's largest business to business networking property event bringing together the best from all spectrums of the retail and retail property sectors.
Whatever your role in the retail and retail property world we look forward to meeting you at BCSC 2016. With over 50 members of the CBRE team at the conference we will have expertise from all areas of the property world.
If you are at BCSC on 14-15th September come and meet the team on Stand 07. For a full list of our delegates attending the conference, please click here.
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•BOTH PRIME HIGH STREET AND SHOPPING CENTRES SEE POSITIVE BUT SLOWING RENTAL GROWTH IN Q4
The CBRE Prime High Street rent index grew by 0.5% q-o-q and 5.0% y-o-y. There has been a consistent slowing of the rental index since Q2 2015.
•CONSUMER CONFIDENCE CONTINUED TO IMPROVE IN Q4
Consumer confidence continued to improve in Q4 from the lows witnessed after Brexit. The confident outlook has had a similar effect on retailer confidence and retail trade volumes in the last 3 months of the year.
•EUROPEAN RETAIL INVESTMENT TOTALLED €17 BILLION IN Q4, up 33% q-o-q
Germany remained the largest target market for European retail investment in Q4, however the UK has attracted more investment over 2016. Retail investment is up significantly on Q3 totals but remains down on the highs witnessed in 2015.
• CBRE’s 2017 Outlook report provides a comprehensive overview of the key trends affecting UK property markets in 2017. Alongside core sections covering the economic, political and investment outlook there is coverage of every major investment and occupier sector.
• There is an improved global economic outlook, but inflation is now a more significant risk than previously. There is less concern about emerging markets.
• UK GDP growth is expected to slow to 1.4% in 2017 due mainly to Brexit-related uncertainty and a tighter labour market.
• The Brexit process will mean a very uncertain 2017, with some volatility in markets expected even if the underlying economy is performing well – not least when Article 50 is served.
• 2016 investment volumes likely to be 30% down on a very strong 2015, with 2017 slightly weaker than 2016.
Expect a year of political uncertainty and the challenge of rising interest rates in Europe in 2017
Politics aside, however, the gradual tightening of some occupier markets seen in 2016 will continue in 2017, especially for better properties in the better locations
Despite a gradual turnaround in the long-term interest rate trend, there is still scope for further yield compression in prime assets as rental growth and low interest rates by historical standards continues to make property look attractive
2018 or 2019, rather than 2017 are likely to be the years when the yield cycle starts to turn
From a real estate perspective, global gateway cities offer many benefits. Their attractiveness to people and businesses means that space demand in their commercial real estate markets increases steadily over the long term, underpinning rent growth. These cities are also highly liquid markets, where real estate investments can be readily bought and sold. We have compiled this new report so that those looking to invest in one or more of the world’s great cities can quickly and easily understand pricing and market conditions.