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Commercial News Edition | WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Hong Kong Commercial Market Sees Sharpest Price Corrections Since 2008 Crash

Hong Kong Commercial Market Sees Sharpest Price Corrections Since 2008 Crash

Hong Kong's commercial property leasing and investment markets recorded the sharpest correction in the first half of this year since the global financial crisis in 2008. Read More »


Total Commercial, Multifamily Mortgage Debt in U.S. Rises to $3.72 Trillion in Early 2020

Total Commercial, Multifamily Mortgage Debt in U.S. Rises to $3.72 Trillion in Early 2020

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020. Read More »

U.S. Apartment Investment Index Enjoys Strong Growth in Q1

U.S. Apartment Investment Index Enjoys Strong Growth in Q1

Freddie Mac's latest Multifamily Apartment Investment Market Index rose by 1.8% in Q1 2020 after a modest quarterly decline (1.4%) in Q4 2019. Read More »

Hong Kong's Office Market Vacancy Rate Reaches 12-year High

Hong Kong's Office Market Vacancy Rate Reaches 12-year High

Hong Kong's Central's Grade A office rents fell 2.7% to HKD 102.4 per sq. ft in May 2020 as the vacancy rate reached 5% for the first time since the Global Financial Crisis in 2008. 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 July 1, 2020 8:00 AM ET

North America

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020.

Freddie Mac's latest Multifamily Apartment Investment Market Index rose by 1.8% in Q1 2020 after a modest quarterly decline (1.4%) in Q4 2019.

Commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of the first quarter of 2020.

This week NAIOP, the Commercial Real Estate Development Association, released its best practices for the safe return to the workplace in the wake of the COVID-19 nationwide shutdown.

According to new data this week from The American Institute of Architects (AIA), demand for design services in April 2020 saw its steepest decline on record.

Many U.S. restaurants are likely to reopen from widespread shutdowns at 50 percent pre-COVID-19 seating capacity amid efforts to adhere to social distancing practices and give confidence to cautious consumers.

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 April 6, 2020 8:00 AM ET

Europe

The UK has reconfigured a number of commercial property to save lives, and has demonstrated it is possible to swiftly create new temporary uses for real estate.

According to global property consultant Knight Frank's latest Wealth Report 2020 reveals that private capital was responsible for $333 billion of all commercial real estate purchases in 2019, a 5% rise on the previous year.

Global property consultant JLL is reporting this week that worldwide commercial real estate investment volumes increased by 10% in the fourth quarter of 2019, to $245 billion. This brought full-year activity to $800 billion.

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.

Last Updated July 16, 2020 9:00 AM ET

Asia Pacific

Hong Kong's commercial property leasing and investment markets recorded the sharpest correction in the first half of this year since the global financial crisis in 2008.

The primary growth node in the Greater Bay Area (GBA) as its concentration of highly innovative and technically-advanced industries could help stimulate economic development.

Hong Kong's Central's Grade A office rents fell 2.7% to HKD 102.4 per sq. ft in May 2020 as the vacancy rate reached 5% for the first time since the Global Financial Crisis in 2008.

As businesses prepare to return to the office amid an easing of lockdown restrictions across Asia Pacific, many are considering how their corporate real estate portfolios should look in the 'new normal'.

According to a new survey by CBRE of companies in Japan that utilize logistics facilities, COVID-19 is still impacting nation's supply chain management's future planning.

According to JLL's latest Property Market Monitor, while Hong Kong's COVID-19 outbreak was showing signs of stabilization towards the end of April, office-leasing demand remained relatively weak. New lettings contracted by 14% 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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