Green Street's Pan-European Sector Outlooks Expand to Include 30 Top Markets
--The annual reports contain a wealth of research, data and analytics on a wide range of topics, to help identify the best markets for long-term investing--
LONDON, Jan. 26, 2023 /PRNewswire/ -- Green Street, the preeminent provider of actionable commercial real estate intelligence and analytics, has released its 2023 Pan-European Sector Outlooks, a bundle of in-depth research reports covering public and private commercial real estate. The Outlook reports provide a 360-degree view of the four core property sectors in 30 markets, or metros, to help market participants identify prime long-term investment opportunities in the midst of capital market uncertainty.
The 2023 Pan-European Industrial, Office, Residential and Retail Sector Outlooks include:
- Supply and Demand Analysis: A thorough analysis of the major factors affecting supply and demand dynamics, as well as the risks and opportunities facing Industrial, Office, Residential and Retail real estate.
- Growth Forecasts: Sector and market-specific forecasts through 2027 for operating fundamentals.
- Valuation Metrics: More than 15 years of proprietary yield and asset value time series data for each sector and in 30 major markets across the region.
- NUTS3 and Market Grades: Proprietary grades that represent long-term rent growth potential.
Green Street has integrated five new Pan-European markets: Edinburgh, Geneva, Lisbon, Prague and Warsaw throughout the Outlooks and across its powerful web platform. Market participants can now compare Market Grades, net initial yields, economic cap rates, Commercial Property Price Indices (CPPIs), market forecasts, sales comps, and insights, with more than 15 years of historical data – across 30 metro areas.
Below is a ranking of the property sectors preferred by Green Street in 2023:
1) Industrial: Green Street's Long-Term Favorite
The Industrial sector remains Green Street's favorite sector from a long-term hold perspective for the third consecutive year. "Robust tenant demand has fueled the sector since the onset of the pandemic and it is expected to remain strong in 2023," explains Peter Papadakos, Head of European Research for Green Street.
2) Retail: Brick-and-Mortar Assets Stage a Comeback
Supply and demand fundamentals are now in balance after years of weak demand, enabling landlords to underwrite future rent growth. "High initial yields will bolster the sector, catapulting it to Green Street's second-best sector from a risk-adjusted return perspective," said Papadakos.
3) Residential: Increased Regulations Hamper the Outlook
"Stricter rent regulations and affordability concerns pose the greatest risk to Residential property fundamentals. The Residential sector income should remain resilient due to new household formations outpacing supply over the medium-term," noted Papadakos.
4) Office: Hybrid/Work From Home Policies Drag on Sector
"With hybrid work here to stay, office-property owners holding highly amenitised, Class A green assets will outperform owners of older, Class B assets as the massive bifurcation between the asset classes continues. This phenomenon has negatively impacted yields and fundamentals," Papadakos concluded.
For more information on the Outlook reports, click on this link for a free sample report: https://insights.greenstreet.com/global-sample-report-request-form.
Green Street is the preeminent provider of actionable commercial real estate research, news, data, analytics, and advisory services in the U.S. and Europe. For more than 35 years, Green Street has delivered unparalleled intelligence and trusted data on the public and private real estate markets, helping investors, banks, lenders, and other industry participants optimize investment and strategic decisions. The firm delivers exclusive market information, conclusion-driven insights, and predictive analytics through a SaaS platform.
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