Welcome to this special edition of IN_ retail titled IN_ restaurants : CBRE’s regular magazine series dedicated to addressing the issues that matter to the retail industry.
In this issue, we bring together leading industry experts to discuss the remarkable growth of UK catering markets in recent years and look at future market prospects.
London, 8th January 2015 – Total return across all sectors was 1.6% in December 2014, according to the latest CBRE Monthly Index. The strong end of the year provided total return of 19.7% for the last twelve months, with capital value growth of 12.9%. In comparison, total returns for 2013 were much lower at 11.5%, with capital value growth of just 4.6%.
Today, CBRE, the leading commercial real estate advisor, publishes its predictions for what the New Year will bring for the property sector. Year on year, the sector will continue to expand, but the overall trend will be a slowing of growth to more sustainable levels.
Hong Kong, New York, Paris, London and Tokyo retained their positions as the world’s most expensive high-street retail destinations in Q3 2014, according to new research from global property advisor CBRE Group, Inc.
• 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.