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Multifamily Inventory Rebalance Coming to U.S.

Multifamily Inventory Rebalance Coming to U.S.

Global real estate consultant CBRE is reporting this week a 9.3% drop in permitting activity in U.S. for multifamily units last month is a favorable sign for future market balance due to slower construction activity. Read More »


Asia Pacific Enjoys Largest Data Center Growth in the World

Asia Pacific Enjoys Largest Data Center Growth in the World

According to global property consult JLL, Hong Kong, Singapore, Sydney and Tokyo are the preferred locations for data centre investment in Asia Pacific, thanks to the robust infrastructure, connectivity and relative ease of doing business. Read More »

Manhattan Retail Rents Continue to Dip in 2018

Manhattan Retail Rents Continue to Dip in 2018

According to CBRE's Q3 2018 Manhattan retail market report, New York City retail rents continued to drop during the third quarter, but forecasters are optimistic for the impending holiday shopping season. Read More »

Tech Driven Silicon Valley Office Market Headed for Record Year

Tech Driven Silicon Valley Office Market Headed for Record Year

Global property consultant Cushman & Wakefield is reporting this week for the third quarter of 2018 showed strengthening occupancy growth for Silicon Valley's office and R & D sectors. Read More »


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Commercial Property Spotlight

Vertropolis Towers - (Riyadh, Saudi Arabia)

Vertropolis Towers - (Riyadh, Saudi Arabia)

Like a bouquet of colorful flowers blossoming among the desert dunes, the three towers of the Vertropolis complex reach toward the Riyadh sky. Read More »


Regional Commercial Real Estate News

Last Updated October 22, 2018 8:19 AM ET

North America

Global real estate consultant CBRE is reporting this week a 9.3% drop in permitting activity in U.S. for multifamily units last month is a favorable sign for future market balance due to slower construction activity.

According to CBRE's Q3 2018 Manhattan retail market report, New York City retail rents continued to drop during the third quarter, but forecasters are optimistic for the impending holiday shopping season.

Global property consultant Cushman & Wakefield is reporting this week for the third quarter of 2018 showed strengthening occupancy growth for Silicon Valley's office and R & D sectors.

According to CBRE's latest Manhattan Office MarketViews Report for the third quarter of 2018, office leasing activity totaled 6.73 million sq. ft. in Q3 2018, 3% behind its five-year quarterly average

With U.S. economic fundamentals showing fortitude against trade fears, interest rate hikes and diverging global economies, the tightening labor market appears the biggest threat to the pace of continued economic growth.

Office parking ratios in both downtown and suburban office markets across the U.S. and Canada are unlikely to see significant change in the next five years, despite increases in ride sharing and the anticipation of autonomous vehicles.

Last Updated September 29, 2017 9:03 AM ET

Latin America

The recent 7.1 magnitude earthquake that stunned Mexico City (and surrounding states of Mexico, Morelos and Puebla) is now having a strong impact on Mexico's commercial real estate market.

A vast majority of real estate investors intend to increase their property acquisitions in 2016.

London's West End is the world's most expensive office market for the third consecutive year, retaining its title ahead of runner-up Hong Kong.

The property division of Carrefour Argentina has opened Terrazas de Mayo, a new shopping centre valued at $29 million,

Money will continue to flow into real estate from across the capital markets worldwide, but investors should be increasingly concerned about getting caught late in the cycle

Fundamentals are improving across many office markets in The Americas, Asia Pacific and Europe as we head into 2015.

Last Updated September 25, 2018 9:05 AM ET

Europe

According to International real estate consultant Savills' 30th annual Financing Property report, the UK property lending market is largely stable as a result of pressure on interest cover ratios (ICRs) and debt yields.

Global real estate consulting firm Knight Frank is reporting this week that in the first half of 2018 £5.6 billion ($7.2 billion USD) of international capital was invested in the London commercial real estate market. Hong Kong was second with £5 billion ($6.4B) and Paris third with £1.9 billion ($2.4B).

According to JLL, the vacancy rate of Moscow's office market continued to decline in Q2, 2018 amid low completions and rising take-up. The current vacancy, at 12.0%, is the lowest since Q3 2008. The decline began in Q3 2015 when it was 17%.

According to global real estate consultant JLL, Russia's commercial real estate investment volumes reached USD1.29bn in H1 2018, down 39% YoY from USD2.13bn in H1 2017, says JLL.

£765 million ($1.04 billion USD) of real estate transactions took place in the West End in the first quarter of 2018 compared to £2.13 billion ($2.89b USD) in Q1 2017 -- a 64 percent annual drop.

According to a new report JLL, despite trade tensions and elevated stock market volatility, investors are still seeking value in real estate with global investment in the first quarter of 2018 hitting the highest Q1 level in 10 years at $165 billion.

Last Updated October 19, 2018 8:00 AM ET

Asia Pacific

According to global property consult JLL, Hong Kong, Singapore, Sydney and Tokyo are the preferred locations for data centre investment in Asia Pacific, thanks to the robust infrastructure, connectivity and relative ease of doing business.

According to CBRE Asia Pacific, flexible office space is expanding rapidly across the entire Asia Pacific region driven by maturing occupier requirements for flexible working environments.

According to the latest Property Market Monitor released by JLL, Grade A office rents in Hong Kong advanced by 0.7% m-o-m in August, with Wanchai/Causeway Bay posting the strongest growth on the back of robust demand, up 1.0% month-over-month.

Asian outbound capital deployment remains robust amid a recent slowdown of Chinese outbound real estate investment. In the first half of 2018, outbound investment activity totaled $25.3 billion, led by Singaporean capital.

According to global real estate consultancy JLL, investment volumes in Asia Pacific hit a record-breaking US$81 billion in the first half of 2018, up by 30 per cent year-on-year.

Office rents in Hong Kong's Wanchai/Causeway Bay areas rose by 1.5% month-over-month in July 2018, their fastest pace in three years. The relatively strong growth in the submarket was underpinned by an extremely tight vacancy environment

Last Updated November 8, 2017 8:00 AM ET

Middle East and Africa Pacific

With positive government interventions to bring in more investors and diversify Bahrain's real estate market, retail remains a significant area of growth in the Kingdom's property sector.

The recently announced Emirates Towers Business Park is set to become Dubai's most defining commercial development in over 10 years.

Dubai's vision to diversify its economy further and establish itself as a thriving global business hub has accelerated business activity in a number of innovative industries, in turn spurring a new stream of demand for industrial space.

A slowing rate of decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market 'bottoming out' before the end of 2017, but the planned introduction of VAT on January 1, 2018 is already causing nervousness amongst existing commercial tenants.

According to international real estate consultant Cluttons, the global economic anxiety and growth slowdown across regional markets has played a significant role in the decreased demand for industrial real estate in Dubai.

According to CBRE Group, Middle East investment in the global commercial real estate sector reached nearly $10 billion in the first half of 2016.

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