In our increasingly interconnected world, big movements in the marketplace are often underway before we realize they are happening. In this new bi-monthly CBRE Research publication, Ahead of the Curve, Richard Barkham, CBRE’s global chief economist, looks at the latest data releases, policy statements and economic analysis to assess their importance for world real estate markets. Key findings from this first issue:
- The global economy is picking up, with increased government spending expected in 2017.
- Real estate capital values are holding firm despite a weak first half of 2016.
- Trends in office supply and demand have generated far less office absorption than expected. Workers are occupying smaller but higher-quality offices.
- Interest rates will rise in 2017 but not enough to damage the economy.