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Moscow's Office Vacancy Rates at Lowest Point Since 2014

Moscow's Office Vacancy Rates at Lowest Point Since 2014

According to JLL, office completions in Moscow in Q1 2017 dropped to 21,143 square meters, 63% down Year-over-year. The delivery of 63,000 square meters of future office space was postponed. Read More »


Despite Hype Of Closures, Many U.S. Retailers Expanding in 2017

Despite Hype Of Closures, Many U.S. Retailers Expanding in 2017

Despite breathless media headlines about various big-box retailers closing stores, others in that category are opening hundreds of stores. Read More »

Texas Office Building Sales Market Ends Q1 on Strong Note

Texas Office Building Sales Market Ends Q1 on Strong Note

The financial and technology sectors are two of the main drivers fueling one of the strongest economies in the country. This has made the Texas commercial real estate market an attractive target for investors and appealing destination for young professionals. Read More »

South Korea's New President to Have Impact on Property Industry

South Korea's New President to Have Impact on Property Industry

This week the South Korean National Election Commission announced that Democratic Party candidate Moon Jae-in had been elected as the new President. Read More »


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Commercial Property Spotlight

Art-Topia - (Qingdao, China)

Art-Topia - (Qingdao, China)

With the National Art Museum of China's first satellite location, Art-Topia will offer visitors even more opportunities to explore their artistic impulses. Read More »


Regional Commercial Real Estate News

Last Updated May 19, 2017 9:00 AM ET

North America

Despite breathless media headlines about various big-box retailers closing stores, others in that category are opening hundreds of stores.

The financial and technology sectors are two of the main drivers fueling one of the strongest economies in the country. This has made the Texas commercial real estate market an attractive target for investors and appealing destination for young professionals.

High investor confidence, attractive equity markets and positive economic indicators have contributed to favorable commercial real estate lending market conditions in the U.S. during Q1 2017.

Office tenants are expanding their Manhattan footprint in Q1 2017. Of the 123 deals greater than 10,000 SF recorded by CBRE for Q1 2017, 72% involved an expansion component.

Global real estate consultant CBRE's new released Manhattan Retail MarketView for Q-1 is now reporting that New York City retail sector fundamentals and demand drivers remain strong, yet still face market headwinds in early 2017.

According to JLL, lower Manhattan recorded more than 2.3 million square feet in leasing transactions in the first quarter of 2017.

Last Updated May 3, 2016 9:01 AM ET

Latin America

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.

Puerto Rico's commercial real estate market continues to go through a bumpy recovery in 2014.

Last Updated May 23, 2017 8:08 AM ET

Europe

According to JLL, office completions in Moscow in Q1 2017 dropped to 21,143 square meters, 63% down Year-over-year. The delivery of 63,000 square meters of future office space was postponed.

According to international property consultant JLL, with no new shopping centres delivered to the market in Q1 2017, the vacancy rate in existing retail properties in Moscow declined from 7.5% to 7.2%.

A government-led delegation of UK investors and developers are set to visit the Middle East to strike deals with investors as they continue to plough their wealth into the UK post-Brexit.

According to global real estate advisory firm JLL, the amount of office space that has been occupied in Dublin in q1 of 2017 has totaled close to 550,000 sq. ft across a total of 40 deals. This is a steady level of take-up, and compared to the same period last year is up 11%.

According to JLL, just over $500 million of Irish property has traded in the first 3 months of 2017. Volumes were boosted by a few large transactions, with one deal greater than $106 million.

The depreciation of the pound, coupled with a slight drop in capital values, has led UK commercial real estate to be discounted by 16% on average by overseas capital.

Last Updated May 12, 2017 9:00 AM ET

Asia Pacific

This week the South Korean National Election Commission announced that Democratic Party candidate Moon Jae-in had been elected as the new President.

According to JLL's newly released report titled Financing China's Real Estate: Pragmatism and Creativity Will Prevail, China's rapid-developing real estate finance sector stands at a crossroads.

Developers completed more retail centers across the globe last year than in 2015, but momentum appeared to wane in many countries.

The Council on Tall Buildings and Urban Habitat (CTBUH) is pleased to announce that Ping An Finance Center is officially complete according to CTBUH criteria.

Hong Kong is the world's highest-priced office market while European office markets showed the most consistent growth in prime office rent, mostly due to a lack of supply. Belfast (up 25 percent year-over-year) led the way among the 121 cities surveyed.

Asia Pacific real estate investors will be motivated by fundamental investment objectives, including favorable yield spreads and adopting higher risk/return strategies.

Last Updated April 3, 2017 10:00 AM ET

Middle East and Africa Pacific

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.

The impact of the softening global economy continues to hamper the UAE's office market as redundancies in the oil and gas, finance and banking sectors have stifled demand for office space across the emirates.

According to international real estate consultancy Cluttons, market demand for office space in Dubai has receded in the past six months.

According to international real estate consultancy Cluttons, demand in Dubai's commercial market remained buoyant in the first six months of 2016.

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