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Commercial News Edition | WORLD PROPERTY JOURNAL

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Global Commercial Real Estate Investment Dips in 2019, But Demand Remains

Global Commercial Real Estate Investment Dips in 2019, But Demand Remains

Global real estate consultant JLL is reporting this week that after a bumpy 2018, investment in global commercial real estate cooled in the first half of 2019 with year-on-year volumes dropping by 9% to $341 billion. Read More »


Office Vacancy Rates Hold Steady at 9.7 Percent in U.S.

Office Vacancy Rates Hold Steady at 9.7 Percent in U.S.

According to Transwestern's recently released national office report reflects resilience in U.S. market fundamentals, even in the face of the moderating pace of U.S. economic growth demonstrated by net job creation averaging 172,000 per month for the first half of the year. Read More »

Commercial Lending Activity in U.S. Increases in Q2

Commercial Lending Activity in U.S. Increases in Q2

According to research from CBRE, commercial real estate lending activity gained traction in the second quarter of 2019 following a brief pause at the start of the year amid financial market volatility. Read More »

Workplace Changes Occurring in Japan's Office Market

Workplace Changes Occurring in Japan's Office Market

Significant changes are in play in Japan's office market in 2019. The three most cited reasons for workplace change were "to accommodate varied work styles", "to improve productivity", and "to improve employee satisfaction." 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 August 8, 2019 8:30 AM ET

North America

According to Transwestern's recently released national office report reflects resilience in U.S. market fundamentals, even in the face of the moderating pace of U.S. economic growth demonstrated by net job creation averaging 172,000 per month for the first half of the year.

According to research from CBRE, commercial real estate lending activity gained traction in the second quarter of 2019 following a brief pause at the start of the year amid financial market volatility.

According to commercial real estate advisor CBRE, global commercial real estate investment volume increased from Q1 2019 across all regions but overall fell by 7.5% year-over-year in Q2 2019

According to Transwestern Commercial Services' Second-Quarter 2019 New Jersey Industrial Market Report, the overall vacancy rate across the state has improved to an historical low of 3.6%, marking the fifth consecutive quarter of vacancy rates less than 4%.

According to new research by commercial real estate consultant Cushman & Wakefield, tech activity is still driving Silicon Valley's commercial property markets, as the region remains one of the top U.S. markets in 2019.

For the first time in history, the average rent in Manhattan's office market topped $80 per square foot, closing the second quarter at $80.37, in a strong reporting period that also saw 8.5 million square feet of leasing activity.

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 July 2, 2019 8:20 AM ET

Europe

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.

According to Knight Frank's latest Farmland Index, the average value of bare agricultural land in England and Wales remained virtually unchanged in the first three months of 2019.

According to JLL, national investment deals greater than €1million ($1.13m) in Ireland's commercial property investment market totaled close to €600 million ($675m) in Q1 2019 across 31 deals.

According to Knight Frank's London Report, London retained its title as the world's top destination for investment in commercial real estate in 2018.

Last Updated August 9, 2019 9:00 AM ET

Asia Pacific

Global real estate consultant JLL is reporting this week that after a bumpy 2018, investment in global commercial real estate cooled in the first half of 2019 with year-on-year volumes dropping by 9% to $341 billion.

Significant changes are in play in Japan's office market in 2019. The three most cited reasons for workplace change were "to accommodate varied work styles", "to improve productivity", and "to improve employee satisfaction."

According to new research by global real estate consultant JLL, smart city initiatives in Asia Pacific will not reach their potential if they focus on delivering cutting-edge technologies without paying enough attention to the needs and experiences of citizens.

Global commercial property consultant CBRE is reporting that in recent years, the main retail areas of Tokyo have seen an increase in pop-up stores - short-term sales spaces aimed to promote new product launches or cater to seasonal demand.

According to global real estate consultant JLL, although the US-China trade war has cast a shadow over Hong Kong's economy, the industrial property market continues to be a bright spot.

Rising cost of leasing prime office space accelerated across the globe due to continued economic growth, job gains and limited availability of prime space in certain markets.

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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