Whether our clients are acquiring, selling, managing or investing in property, good decisions depend on accurate, carefully analysed information. Our team makes a close study of real estate globally, delving into specific sectors and markets as well as exploring broader real estate trends. We report back to our clients via publications, reports and presentations.
Why do they choose to work with us?
The research team has access to data, market intelligence and human expertise from a worldwide network of CBRE offices. The EMEA research team alone numbers 106 people in 43 EMEA countries and incorporates a specialist cross-border research team. The findings we report to our clients have a depth - and a value - that other firm’s researchers cannot match. It’s how we give our clients a competitive edge.
Which specialist services do we offer?
Regular local market analysis and reports
Analysis and reporting of regional and global trends
New research from global property advisor CBRE shows that when it comes to deciding where to shop, Irish consumers look to have their basic needs of value, cleanliness and security met first above all else. This bodes well for smaller shopping centres aiming to compete with the larger regional centre alternatives, who with a maintained level of investment can meet the most required needs of Irish consumers.
The new report which surveyed 1,000 consumers in Ireland, as part of a European wide study, reveals that while 51% of Irish consumers favour shopping in large purpose-built shopping centres, a sizeable 48% of consumers prefer shopping in smaller centres or high streets.
The survey also highlights that parking and the offer of free parking in a location can be particularly influential for the Irish consumer, who on average ranks these more important than the range of shops on offer. once these basic needs have been met, it is the provision of retailers and the presence of specific retailers along with suitable services such as banks, that Irish consumers look for in their shopping location.
The Irish consumer juggles a range of channels in the research and buying process of a non-food item, and while technology is used extensively to search and check the prices and reviews of products, close to 90% of Irish consumers prefer to visit a shopping centre or high street store when buying a product.
Aggregate European take-up bounced back, despite an exceptionally low level of demand in Moscow. An addition to further strong demand in London, was Paris which recorded its highest level of take-up since 2012. Particularly encouraging was the level of demand recorded in southern Europe, with Madrid, Milan and Lisbon all reporting encouraging transaction levels.
Despite some decreases in the vacancy rate in western European markets, a large volume of speculative completions in core CEE markets meant the EU-28 vacancy rate remained effectively flat for the second consecutive quarter.
Symbolic of the improved economic stability over the past 12 months was an increase in the prime rent in Madrid, the first prime rental growth in a southern European market since the downturn. However, there is a cluster of markets which have moved to the downward curve of the cycle due to an oversupply of newly completed space which is outweighing demand.
Although development in western Europe has picked up in 2014 it is heavily focused in a few key markets where the impact on stock levels is less pronounced. In some of the recovery markets there is still almost no development in progress. As demand continues to improve this will further limit the options for occupiers looking to relocate.