European and Asian Office Market Rents Stabilising
The effects of the economic crisis on demand for office space varied across the world’s major office markets in 2009, and there are now widespread differences in their rental characteristics, according to CB Richard Ellis’ (CBRE) new Global Office Rental Cycle report. Almost all real estate markets in Europe and Asia are now seeing rents falling at a slower rate and in some cases stabilising, a trend which is expected to continue as take-up improves and vacancy moderates in 2010. In contrast, most US office markets, with the exception of New York, are further back in the rental cycle and are likely to see further falls in rents. Read more
24 02 2010
CBRE Reports Improving Sentiment among European Banks in Lending for Prime Real Estate
The recovery in prime real estate values and investment market turnover in the second half of 2009 has improved sentiment in the European debt markets, according to CB Richard Ellis’ (CBRE) latest Capital Markets Report. Read more
22 02 2010
London Leads Office Market Bounce-Back across World’s Financial Centres
London’s office market was hit hard and early by the global financial crisis, but in comparison with other leading financial centres, it has been among the first to bounce back, according to the latest research from the leading commercial property consultant, CB Richard Ellis. Read more
03 02 2010
Weak Start, Promising Finish
Activity on the Hungarian industrial property market in 2009 remained very modest. Decrease was especially significant after the record breaking year of 2008, in both demand and supply. Economic downturn heavily affected the industrial output; the entire logistic sector suffered a huge loss in orders. Hence the industrial property market saw a decline in new demand whereas renewal of existing premises became a key factor for the first time on the Budapest market – claims the latest research of CB Richard Ellis (CBRE). Read more
02 02 2010
Shell Selects CBRE as European Retail Property Advisor
In one of the largest recent appointments in the European retail property sector, CB Richard Ellis Group, Inc. (NYSE: CBG) today announced that it has been selected by Shell (LSE: RDSA / RDSB) to provide transaction and portfolio management services across its European retail portfolio. Read more
