A lack of space of the size and format that is currently in demand resulted in the decline of available areas in all sectors and as a result rental rates are starting to increase, particularly in the most successful properties. Not only snow but also the commercial real estate market is thawing with the coming […]
There are signs of recovery on the Moscow commercial real estate market, selective rental rates growth will spread out everywhere After long stagnation, the vacancy rates across all Moscow commercial real estate segments have declined to a low level, leading to a start of construction activity, and some submarkets have already recorded smooth rental rates […]
I promised in my last blog (Decoding the Russian enigma) a further post dealing with my expectations for the Russian property markets. I have also been considering giving my thoughts on what to expect in general terms (i.e. they cannot be held against me in specific valuations!) for 2018 year end valuations. We are approaching […]
Russia’s nascent economic recovery from the 2014-2016 recession and recent stabilisation have been disrupted by fresh US sanctions. The April round has shifted the USD/RUB exchange rate by about 7% weaker, to c.62. The combined impact of the draft bill introduced by a number of US Senators led by Lindsey Graham on 1 August and […]
The US continues to impose new sanctions on Russia to threaten additional ones. A bill introduced last week by US Senator Linsey Graham includes a ban on new Russian sovereign debt purchases by US individuals and banks and on Russian state banks. This week, the US has imposed a new set of sanctions against Russia […]
It is like 2014 all over again… I have written three draft opinions in recent days – only for them to be overtaken by events. In the deluge of news and volatility I have but one message: DON’T PANIC I believe markets have overshot and will correct. We are already seeing the Russian stock market […]
Digital technologies are everywhere around us. Using the Internet we read the news, check emails and update our calendars, review social networks and news feeds, and communicate with people via instant messengers. We visit banking branches less frequently, as we pay bills either online or through mobile applications. We order food and make purchases online. […]
The Bank of Russia (CBR) has just announced the Board decision to cut its key rate by 25bp, from 7.75% to 7.50%. The move was broadly anticipated, although following the January inflation print, some market analysts had called for a 50bp rate cut. Inflation dropped to a new historical low of 2.2% YoY in January […]
(These are my personal views, and may not necessarily be the same as the JLL house view) As we gather pace into 2018 after the holiday period I thought that it would be useful to identify what I expect to be the key trends in 2018 – both for the Russian Economy as a whole […]
Eight years since it was first floated, the International Accounting Standards Board (IASB) has announced that it will issue its definitive guide to the new lease accounting standards by the end of 2015. The new standard has been in the pipeline long enough for many organisations to forget about its implications. And that’s no surprise. […]
Of all the analysis, opinion and comment that has emerged from Tesco’s recent announcement of record breaking £6.4bn losses, one snippet has stuck in my mind. Tesco offers a bewildering array of 28 varieties of tomato ketchup, while in Aldi there is just one choice, in one size. It may be too simplistic to blame all Tesco’s […]
Global transactional volumes continued their period of growth in the second quarter growing by 9% over the first half of this year. At half year transactional activity stands at US$333 billion almost 50% up on the same period just two years ago, demonstrating the attraction of real assets in this current cycle. The longer this […]
Affluent Nordic cities are attracting international retailers as they broaden EU expansion plans, Jonathan Bayfield explains why. Louis Vuitton, Michael Kors, Boggi and Superdry: these are just a few of the international brands that have expanded across the Nordics in recent years with JLL’s guidance. As economic conditions improve across the Eurozone, retailers are entering […]
We’ve all used the internet to research a product before purchasing it. With the ease of reading online reviews written by other users beforehand, as well as using smartphones while shopping, it is now clearly essential to research products online or on your mobile before making a purchase. The growth of e-commerce and what effect […]
Extract from JLL’s Redefining Retail Places In our blog, ‘Urbanisation: 6.3 billion living in cities by 2050 – implications for Retail’, we discuss the impact of the powerful demographic forces that are at work on a global level, and how urbanisation and population growth are reshaping the Global Retail landscape, and leading to exponential growth […]
I am thrilled to see that, in the last week, eBay and Argos have announced that they have entered an agreement to extend eBay’s offering of click-and-collect services via Argos’s store portfolio. http://www.jllblog.com/EMEARetail/
