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Commercial News Edition | WORLD PROPERTY JOURNAL

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Silicon Valley's Office, R&D Markets Off to Slow Start in 2019

Silicon Valley's Office, R&D Markets Off to Slow Start in 2019

According to Cushman & Wakefield's latest Silicon Valley's Office and R&D sector report, Silicon Valley's tech space is off to a sluggish start in 2019, after having combined for a robust 2.85 million square feet (msf) of occupancy growth in 2018 -- largely stemming from the office sector. Read More »


Foreign Investment in U.S. Industrial Properties Spiked 152 Percent in 2018

Foreign Investment in U.S. Industrial Properties Spiked 152 Percent in 2018

Foreign property investors made $14.4 billion worth of U.S. industrial real estate acquisitions in 2018, up a whopping 152% year-over-year due to several large entity-level deals and 29% above the average volume since 2015. Read More »

U.S. Architecture Billings Index Slips in March

U.S. Architecture Billings Index Slips in March

According to a new data released this week today from The American Institute of Architects (AIA), following consistently increasing demand for design services for over two years, the Architecture Billings Index (ABI) dipped into negative territory in March 2019. Read More »

British Farmland Market Mooted by Brexit Uncertainty

British Farmland Market Mooted by Brexit Uncertainty

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. 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 April 23, 2019 9:02 AM ET

North America

According to Cushman & Wakefield's latest Silicon Valley's Office and R&D sector report, Silicon Valley's tech space is off to a sluggish start in 2019, after having combined for a robust 2.85 million square feet (msf) of occupancy growth in 2018 -- largely stemming from the office sector.

Foreign property investors made $14.4 billion worth of U.S. industrial real estate acquisitions in 2018, up a whopping 152% year-over-year due to several large entity-level deals and 29% above the average volume since 2015.

According to a new data released this week today from The American Institute of Architects (AIA), following consistently increasing demand for design services for over two years, the Architecture Billings Index (ABI) dipped into negative territory in March 2019.

Mortgage bankers in the U.S. closed a record $573.9 billion in commercial, multifamily loans in 2018.

According to new research from CBRE, the average age of U.S. adults at their first marriages has risen to historical highs.

According to new research prepared by the Mortgage Bankers Association, the following firms were the top commercial/multifamily mortgage originators in 2018:

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 16, 2019 8:03 AM ET

Europe

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.

According to JLL, the overall office take-up in 2018 amounted to 1.39m sq. m, being flat year-over-year. Strong demand and low completions have led to growth of Class A and B+ rents, by 6.3% and 3.2% respectively over the course of last year.

According to JLL, commercial real estate investment volumes in Russia reached $2.8bn in 2018, down 39% YoY from $4.7bn. Within the total, Q4 2018 investments were $966m, half the levels of Q4 2017.

Global real estate consultant JLL is report that €3.6 billion of Irish property traded during the year 2018 across nearly 200 deals.

Last Updated April 9, 2019 8:20 AM ET

Asia Pacific

In 2018, flexible workspace centre supply in Kuala Lumpur grew by 36%, making it the fastest growing key city in the APAC region, outpacing fast-growing markets in Gurugram, Chennai, Brisbane, Hong Kong, Sydney and Singapore.

Australia's industrial and office sectors are set to experience the double-digit returns in 2019, making them forecast to be the highest performing asset classes.

Based on JLL's latest whitepaper Shenzhen's Tech Prosperity Drives Office Demand, technology companies are spurring global demand for office space, and this phenomenon is particularly pronounced in Shenzhen, China.

According to Knight Frank's latest Global Outlook Report, Hong Kong will retain its title as the world's most expensive office market despite rents being forecast to decrease in 2019.

According to JLL's latest Hong Kong Property Market Monitor report, despite lingering uncertainty surrounding the global economy and a slumping local stock market, co-working operators remained a major source of demand in the office leasing market in December last year.

Global commercial real estate consultant JLL is reporting this week that Asia Pacific's overall real estate transaction volumes in 2019 are expected to rise by five per cent, though the pace of growth momentum will slow down.

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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