Innovation, liveability and the capacity to reinvent characterize the most dynamic cities in their third annual City Momentum Index (CMI).
This week the Federal Open Market Committee (FOMC) raised U.S. interest rates for the first time since 2006. The 25-basis-point (bps) increase to the target federal funds rate was widely anticipated.
Cross-border property investment in Asia accounted for 36% of total turnover year-to-date - rising 36% quarter-on-quarter to $10.6 billion - marking this the highest total recorded since 2008.
Organizations all across Asia are now under pressure to drive down costs by increasing their workplace 'static density'--the space per sq. ft. per workstation.
According to CBRE Group, an average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term.
According to CBRE, investment in Asia's property sector turnover grew 12% quarter-on-quarter in Q2 2015 to US$21 billion, despite a 21% year-on-year decline in investment turnover against a strong 2014.
Q2 2015 preliminary data shows global transaction volumes in the second quarter of the year totaled US$161 billion.
The Bank of Korea (BoK) last week lowered base interest rates by a further 25 basis points to a historically low level of 1.50%, the fourth rate reduction since August 2014.
Overall commercial real estate investment continued apace in the second half of 2014, with volumes (excluding land sales) hitting US$72 billion.
CBRE reports this week that global shopping center development continues to grow with a total of 11.4 million square meters (122.7 million square feet) of new shopping center space opened in 2014,
International investment in commercial real estate is dominated by Asian interests in both Canada and the U.S.
Despite a slowing Asian economy, commercial property investing in the region is expected to remain strong in 2015 as appetite for prime core assets rises.
According to CBRE, Asian investment in European hotels will reach US$22.7 billion in 2015, fueled by the liberalization of domestic controls governing outbound investment.