According to ING, high interest rates and soaring building costs have drastically reduced the demand for new buildings in Europe.
According to a new report by CBRE, global cross-regional capital flows totaled $30.5 billion in H1 2023, down by 52% from H1 2022 and the second consecutive half-year period with an approximate 50% decrease in volume.
Based on the 10 cities covered by Knight Frank's Prime Global Rental Index, global rental values rise 7.5% in the year to June. While this rate was down from the 8.2% seen in Q1, and lower still than the 12.2% growth reached in the first quarter of 2022.
According to a new report from CBRE, power supply has had difficulty keeping pace with data center industry growth across the globe, keeping vacancies low and pushing rents up even amid robust construction.