Capital value analysis and forecast
Following headwinds in 2025, the global market enters 2026 on an uncertain footing
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Following headwinds in 2025, the global market enters 2026 on an uncertain footing
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Average European prime CBD office yields move out by 13 bps in response to higher bond yields during Q3 2026
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Stability persists amid elevated borrowing costs and economic uncertainty

Rental growth and yields
Stability persists amid elevated borrowing costs and economic uncertainty
Stronger economies are supporting property income, but renewed rate pressure is keeping the recovery selective, prime-led and regionally uneven.

Market in Minutes: European Investment Nowcast – Q3 2026 preliminary results
Stronger economies are supporting property income, but renewed rate pressure is keeping the recovery selective, prime-led and regionally uneven.
Prime residential prices remained resilient in the first half of 2025, recording positive price growth of 0.7%
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Prime residential capital value growth and forecasts
Prime residential prices remained resilient in the first half of 2025, recording positive price growth of 0.7%
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"Nashville’s vacancy rate held steady at 6.2% in Q3 unchanged quarter over quarter, as 0.5 million square feet (msf) of net absorption outpaced 0.3 msf of new deliveries, reflecting continued market balance and steady demand."
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"Vacancy stabilized at 6.2% in Q3 2025, down slightly from a peak of 6.3% earlier in the year. The rate has held within a narrow 10-basis-point range since Q1, indicating balance between new deliveries and tenant demand."
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"Vacancy rose to 9.3% in Q3 2025, up from 7.3% one year ago, as newly delivered space entered the market largely unleased. Net absorption totaled 0.2 million square feet (msf) year to date, well below 4.2 msf in Q3 2024."
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"Sentiment is improving amid stronger leasing, yet trade policy and elevated construction may delay recovery."
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"Deliveries continue to push vacancy upward, reaching 14.9% in Q3 2025. The market saw 8.7 million square feet (msf) delivered in 2025. With approximately 15.0 msf under construction, vacancy will likely continue to increase. "
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"Industrial vacancy in the region increased by 230 basis points (bps) over the past year to 8.8%, as demand remained soft amid ongoing macroeconomic uncertainty"
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"Asking rents continue their upward climb, rising 6.0% year over year to reach $10.41 per square foot (psf)."
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"Vacancy increased by 90 basis points (bps) in the first quarter to 9.0%. The Orange County industrial market recorded negative absorption, totaling -1,160,150 square feet (sf). "
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"Industrial vacancy ticked up again, increasing 150 basis points (bps) over the past year to 8.5%, up from 7.0%, primarily due to sluggish demand in the region as a whole."
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"Leasing activity remains resilient with several large deals done"