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Commercial News Edition | WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Amazon's HQ2 is a Split Decision, New York and Northern Virginia Win Bids

Amazon's HQ2 is a Split Decision, New York and Northern Virginia Win Bids

This week Amazon announced their final selection for the location of their second headquarters. In a change to the original plan, Amazon decided to split the location of their new headquarters between two cities choosing New York and Northern Virginia. Read More »


New Jersey Industrial Market Enjoying Record Setting Year

New Jersey Industrial Market Enjoying Record Setting Year

New Jersey's industrial sector set new records last quarter in absorption, vacancy rates and asking rents. Read More »

Retailers to Focus on Buy-Online, Ship-To-Store Holiday Strategies

Retailers to Focus on Buy-Online, Ship-To-Store Holiday Strategies

According to CBRE, U.S. retailers will seek to cap a strong year this holiday season by doubling down on strategies to draw online shoppers into stores, reward their loyalty in new ways and ensure that toys are available at every turn. Read More »

Private Education Facilities a Rising Investment Target in Asia

Private Education Facilities a Rising Investment Target in Asia

The private education market in Asia Pacific is a rising property investment sector, a trend driven by the region's demand for high-quality international schools focusing on English study. 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 November 14, 2018 9:00 AM ET

North America

This week Amazon announced their final selection for the location of their second headquarters. In a change to the original plan, Amazon decided to split the location of their new headquarters between two cities choosing New York and Northern Virginia.

New Jersey's industrial sector set new records last quarter in absorption, vacancy rates and asking rents.

According to CBRE, U.S. retailers will seek to cap a strong year this holiday season by doubling down on strategies to draw online shoppers into stores, reward their loyalty in new ways and ensure that toys are available at every turn.

According to data from CBRE, demand for commercial real estate debt in the U.S. remains strong, supported by an increase in commercial sales transactions in Q3 2018.

Strong market conditions helped fuel a 6 percent increase in multifamily lending in 2017, as lenders provided a record high $285 billion in new mortgages for apartment buildings with five or more units.

According to a new report released by the American Institute of Architects, architecture firm billings growth slowed in September 2018 but remained positive for the twelfth consecutive month.

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 November 8, 2018 8:09 AM ET

Asia Pacific

The private education market in Asia Pacific is a rising property investment sector, a trend driven by the region's demand for high-quality international schools focusing on English study.

Global commercial property consultant CBRE is reporting this week that grade A vacancy rates haven fallen below one percent in Tokyo, while the cities of Osaka's grade A office rents are now at record high and Nagoya's office market vacancy rates are at a record low.

According JLL's latest Hong Kong-Zhuhai-Macao Bridge and Beyond: Mobility, Connectivity and Collaboration research study, both Hong Kong and Macao will soon benefit from improved transport links in the region.

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.

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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