NEWSEC PROPERTY OUTLOOK • AUTUMN 2021
DEFINITIONS ●
DEFINITIONS General
Logistics
Public Properties
• All rents, yields and vacancies are end-of-year values.
• The forecast is referring to warehouses and logistics premises.
• All forecasts are referring to nominal values.
• The rents are referring to premises of 5,000-10,000 sqm with a 10 year lease agreement.
•A public property is defined as a property used predominantly for tax-financed operations and specifically adapted for community service. In this document, public properties are limited to schools (pre-schools and primary schools), hospitals, and elderly care homes.
• The rental levels are the most probable prime rent when signing a new lease agreement.
• The rent is excluding heating and property tax. • The rent refers to modern, newly built premises with a solid lease contract and tenant A properties.
•T he market data refers to public property premises of normal to modern standard with normal space efficiency.
• The forecast is referring to new/refurbished modern and flexible office premises with normal area effectiveness.
Residential
•T he market rent refers to the rent excluding supplements.
• The rents are referring to premises of at least 500 sqm.
• Definitions generally, as well as of new and old housing depend on the country.
• All yield levels are referring to net initial yield. Offices
• The rent is excluding heating and excluding property tax.
• The forecast is referring to attractive locations with an area of around 80 sqm.
Exchange rates All rents and transaction volumes are calculated using the average exchange rates in 2021.
Retail • The rents are referring to modern retail premises of 70–250 sqm. • The rent is excluding heating and excluding property tax. • The rents refer to prime areas with definitions by each country.
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