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Commercial News Edition | WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Manhattan Retail Market Dealing with New Business Realities

Manhattan Retail Market Dealing with New Business Realities

According CBRE's Q4 2019 Retail MarketView, the Manhattan retail market continues to make the difficult adjustment to the new realities of the retail business. Read More »


Central Florida's Fast Growing High Tech Corridor Attracting Millennials Nationwide, Driving Local Office Market

Central Florida's Fast Growing High Tech Corridor Attracting Millennials Nationwide, Driving Local Office Market

High tech firms' pursuit of talent has touched off a wave of inbound millennial migration from across the U.S. Read More »

Office User Growth Favors Tech Friendly Cities in Texas and Florida in 2020

Office User Growth Favors Tech Friendly Cities in Texas and Florida in 2020

Tech hubs, business-friendly Texas cities and high-growth Florida metro areas top the ranks of U.S. markets set to expand their base of office-using jobs the fastest in the coming years. Read More »

Commercial Mortgage Originations in U.S. to Increase This Year

Commercial Mortgage Originations in U.S. to Increase This Year

Based on the Mortgage Bankers Association's 2020 Commercial Real Estate Finance Outlook Survey, following what is expected to be a record year of lending in 2019, commercial and multifamily mortgage originators anticipate 2020 to be another strong year. 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 January 24, 2020 8:00 AM ET

North America

According CBRE's Q4 2019 Retail MarketView, the Manhattan retail market continues to make the difficult adjustment to the new realities of the retail business.

High tech firms' pursuit of talent has touched off a wave of inbound millennial migration from across the U.S.

Tech hubs, business-friendly Texas cities and high-growth Florida metro areas top the ranks of U.S. markets set to expand their base of office-using jobs the fastest in the coming years.

Based on the Mortgage Bankers Association's 2020 Commercial Real Estate Finance Outlook Survey, following what is expected to be a record year of lending in 2019, commercial and multifamily mortgage originators anticipate 2020 to be another strong year.

According to new research from CBRE, U.S. retailers and shippers this 2019 holiday season will handle more returns than ever of goods bought online, illustrating a costly drawback to e-commerce's growth that the industry is working hard to contain.

According to the Mortgage Bankers Association's latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial/multifamily mortgage debt outstanding rose by $75.7 billion (2.2 percent) in the third quarter of 2019.

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 November 1, 2019 8:00 AM ET

Europe

According to new report from CBRE, global commercial real estate investment volume, including entity-level deals, rose by 7% quarter-over-quarter but fell by 2% year-over-year in Q3 2019.

According to global property consultant JLL, take-up for Ireland office space in Q3, 2019 totaled 394,093 sq. ft across 44 deals. This is 19% higher than last quarter, in the year-to-date; take-up is 2.2 million sq. ft.

According to the new Future Gazing: Logistics - The Last Mile Report by global property adviser Knight Frank, optimal locations for 'last mile' logistics space is now being driven by not just where online shoppers live and work but also the increasing complexity of delivery models.

According to global real estate consultant JLL, three outlet centres are currently under construction in the Russia's capital, two of them with a total area of 61,000 square meters will enter the market this year.

Investment into the UK Student Accommodations (PBSA), investment-grade private rented sector (PRS) and senior living rental sectors is expected to reach £146bn ($185bn) by 2025, rising from £87.3bn ($110bn) in 2019.

More than 560,000 students applied to start a full-time undergraduate course at UK universities for the 2019/20 academic year, according to the latest applications data from UCAS. This was nearly 2,500 more applications than at the same point last year and the first year-on-year increase in applications in three years.

Last Updated December 27, 2019 8:32 AM ET

Asia Pacific

As Hong Kong's office market continues to reel from the impacts of the local social movement and economic uncertainties, leasing across all business districts in Hong Kong have been subdued.

126 buildings of 200 meters' height or greater were completed in 2019, including 26 "supertall" buildings of at least 300 meters' height, a new world record.

Based on new data from global real estate consultancy JLL reveals that Asia Pacific commercial real estate transaction volumes in the third quarter of 2019 have reached a record, bringing the year-to-date activity to a new high of $128 billion.

According to CBRE, Tokyo's All-Grade office vacancy rate was unchanged at 0.7% in Q3 2019. Secondary vacancy arose at some existing buildings; while a small amount of vacant spaces remained in three out of the 10 new buildings completed this quarter.

Global real estate consultant JLL is reporting that several cities in Asia are emerging as competitive real estate markets.

According to the latest research from Knight Frank, office space in North Sydney is in high demand from an increasingly wide range of tenants due to its strategic location, relative affordability and access to transport.

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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