Commentary on trends, influences and ideas shaping the world, told through the lens of the built environment
CBRE Group unveiled Blueprint, an online magazine dedicated to telling timely and insightful stories about the transformational role real estate plays in the world.
By Dr Neil Blake, Head of EMEA Research, CBRE
After encouraging signs that a deal might be made as little as a week ago, the Greek situation suddenly lurched into crisis at the weekend when Prime Minster, Alex Tsipras rejected the creditor’s proposals for an extension of the bailout and called a referendum for next Sunday (5 July) with a recommendation that the proposals be rejected (a no vote). Now the prospects of a Greek default look very high and the chance of a Grexit much closer. The talk is whether we are approaching a Lehman-type event or if it is just the latest episode in a largely domestic Greek tragedy.
Markets with Fastest Growing Occupancy Costs Include Dublin, Seattle and Panama City
London’s West End continued to be the world’s highest-priced office market but Asia dominated the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.
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