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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"Puget Sound industrial market slows as absorption declines"
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"Market adjusts further amid continued softening in fundamentals"
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"How construction costs and tenant improvement allowances are shaping office lease terms and market dynamics amid changing tariffs"
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"Overall vacancy increased to 26.6%, up 750 basis points (bps) year over year. Direct vacancy rose 130 bps from the previous quarter to 20.8%, while sublease vacancy held steady."
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"Overall vacancy stands at 39.0%, up 700 basis points (bps) from 32.0% in Q3 2024. Since last quarter, direct vacancy declined by 170 bps, while sublease vacancy edged up to 5.0%."
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"Vacancy declined to 30.8%, down 300 basis points (bps) from 33.8% in Q3 2024. Meanwhile, total available space dropped to 0.6 million square feet (msf), down 0.5 msf, or about 45.0%, from 1.1 million sf in Q3 2024."
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"Overall vacancy increased by 180 basis points (bps) to 23.9%, up from 22.1% in Q3 2024. "
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"Vacancy has climbed to 29.2%, nearly doubling from 17.4% in Q3 2024. More than one-quarter of life sciences space now sits unoccupied, representing one of the highest vacancy rates in the nation."
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"Vacancy rose 540 basis points (bps) from Q3 2024 to 27.0%, driven by an increase in direct vacancy to 21.0%, while sublease availability edged down slightly to 6.0%."
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"Overall vacancy stands at 17.0%, up 430 basis points (bps) from last year’s 12.7%. Since last quarter, direct vacancy rose 170 bps, while sublease vacancy edged down to 2.3%, the lowest since 2023."