Hunter May

The market is being driven by Asian institutional investors and fund managers.  Business directory According to CBRE, cross-border property investment in Asia accounted for 36% of total turnover year-to-date, up 36% quarter-on-quarter to $10.6 billion, the highest total since 2008. Investment turnover increased 20% quarter-on-quarter to $25.6 billion in Q3 2015, according to preliminary CBRE estimates, despite the year-to-date investment volume being down 24% compared to the same period in 2014. Investor enthusiasm remained high in Australia and Japan, which accounted for 56 percent of total regional turnover in the third quarter. The Pacific region attracted a lot of Asian finance, which was attracted by the high yields. Due to stable fundamentals being relatively affordable in these markets, compared to assets in their own domestic markets, Australia—particularly in Sydney and Melbourne—attracted high investor interest from Asian investors. CBRE Asia Pacific's Senior Director of ...

According to a new CBRE analysis titled Space Utilization: The Next Frontier, companies all over Asia are now under pressure to reduce expenses by increasing workplace'static density,' or the amount of space per square foot per workstation. In many regions of Asia, further reductions are already having an impact on productivity, performance, and retention.  Directory Over the previous decade, the static density of workplaces in several Asian marketplaces has decreased by half. Workplace area has dropped from 100 sq. ft. per desk to 50-60 sq. ft. per desk in Hong Kong, India, and China. This figure is approximately half that of Europe and the United States, where average desk density is around 150-200 square feet. Other countries, such as Australia and New Zealand, have more large workstation standards, with 90-150 square feet per desk. Low workplace density mean fewer shared collaborative and solitary work situations, as well as more restricted space, which affects teamwork, de...

Miami-Dade County real estate had a strong third quarter in 2015, according to the Miami Association of Realtors, with total residential sales, single-family house transactions, existing condo transactions, and median prices all increasing over the same time in 2014.  Chats In the third quarter of 2015, Miami-Dade County recorded 7,811 total residential sales, up 2.3 percent from the previous quarter's 7,632 sales. Single-family house sales increased by 4.1 percent, from 3,522 to 3,699. Existing condo transactions grew 0.8 percent, from 4,080 to 4,112, despite an increase in supply of Miami pre-construction condo units east of Interstate 95. "When compared to other world-class global cities, Miami real estate remains a value," remarked Christopher Zoller, the 2015 Residential President of the Miami Association of Realtors. "Single-family housing prices in Miami are at 2004 levels, far lower than in New York, London, and Hong Kong. Today's pricing, combined with h...

According to a recent analysis from worldwide real estate advisor Savills titled Spotlight on Prime Residential Retreats, while many property markets around the world have been recovering over the last five years, getaway cities are set to deliver the best growth in the next five years.  سيارات The Mediterranean, the Alps, South Africa, and the Caribbean, which are heavily invested and sought after hot destinations, were hard struck by the global economic slump, but 2013 marked a turning point, with revived enthusiasm for leisure property acquisitions. According to Savills, many residential getaways will experience price rise of up to 10% in some cases in 2014, with some reverting to previous heights by 2019. High-quality, low-supply prime destinations in the Balearics, Tuscany, and the Caribbean will lead the recovery. This recovery is being fueled by three primary factors. Buyers are actively exploring for alternate real estate markets to invest in as many key city markets become...

Hotels in Athens reported considerable performance improvement in 2013, according to STR Global and GBR Consulting.  للايجار Following the 2004 Olympic Games, the market experienced substantial growth, with large increases in occupancy and average daily rate. As a result of a prolonged period of societal turmoil, this trend was reversed by the end of 2008. "The time of social turmoil had a substantial impact on the hotel industry in Athens, since demand for the city fell," said STR Global managing director Elizabeth Winkle. "The industry's performance, on the other hand, has been improving for about a year, and we expect this trend to continue. Positive news has emerged regarding Greece's economic status and prospects. Because of Athens' desirability as a destination, leisure tourism is likely to rebound further if this can be maintained ".. Stefan Merkenhof, managing consultant at GBR Consulting, believes that "The Greek crisis had a substantial im...

 According to brokers, bankers, and consultants in Athens and London, real estate, particularly commercial real estate, is beginning to play a significant role in Greece's economic recovery.  ايجار One of the main reasons is that the coalition administration led by conservative Prime Minister Antonis Samaras, which took office in June, has wowed some investors. Samaras pledged to do all it takes to keep bailout monies coming, assuaging worries of insolvency and exit from the Eurozone. Even German Chancellor Angela Merkel, who is in charge of Euro zone bailout programs, has softened her stance on allowing Greece to default on its debt. Merkel's stance may be emulated by other Euro zone members. Dimitris Manoussakis, the head of Savills' Athens office, recently told the media that the Greek government's new stance on selling state assets, including real estate, as a condition of its bailout over the coming months may begin to persuade some investors that they are getting ...

If the global office rent sector serves as a gauge, the economy must be improving. According to the latest data from the CBRE Global Office Rent Index, this is the case . عيد الاضحى The Index indicates that global office rental growth and capital values are on the rise. The CBRE Global Office Rent Index increased 4.3 percent year over year in the first quarter of 2011 (Q1), following a 2.4 percent increase in the fourth quarter of 2010. The CBRE Global Office Capital Value Index increased by 12% year over year in Q1 2011, and has been on the mend for over a year. After a more mild drop from its high, the Europe, Middle East, and Africa (EMEA) area saw positive rental growth of 2.5 percent. "Rates of rental and capital value change in the EMEA region are now modest," said Richard Holberton, Director of EMEA Research, CBRE, in a news release. "While yield improvements continue to provide some capital gains, these have slowed as investors weigh the likely consequences of bo...

 Tishman Speyer today announced the completion of the city of Paris' largest office lease transaction. The French Ministry of the Interior has decided to lease Lumière, Paris' largest privately held office building, for 38,000 square meters (about 400,000 square feet). The Ministry is expected to move in by the end of 2012.  مطاعم Tishman Speyer's European Strategic Office Fund (ESOF), which manages office assets in a number of major European cities, owns the property. Tishman Speyer's entire 10-building Paris portfolio, totaling about 350.000 square meters (3.75 million square feet), now has a virtually 100 percent occupancy rate. Lumière is located at 40 Avenue des Terroirs de France in the 12th District, near Bercy's 14-hectare park. The neighborhood, which is part of Paris's Eastern business zone, is a well-established office market with great road and subway connectivity, allowing for a 10-minute commute to the city center. The building, which was built in ...

According to a recent Ski Resort Property Index research from London-based Knight Frank, luxury holiday home sales in selected affluent ski regions in Europe are on the rise.  مول Liam Bailey, Head of Residential Research at Knight Frank, says, "The debut of Knight Frank's Ski Resort Property Index is something I'm very excited about. For the first time, the Index will provide sellers, buyers, and those with an interest in these specialized but growing areas with information on the performance of their luxury property market. Findings of importance: The French town of Megève experienced a rather robust rebound in property prices, with a 4.3 percent increase in the year to June 2011, however values are still 4-6 percent below 2008 levels. Despite the fact that prices in the US resorts of Telluride and South Lake Tahoe fell annually, there is evidence that both markets are strengthening, with both experiencing a reduced pace of quarterly price drops in Q2 2011. In 2009, the ...

Miami's Lincoln Road remains the fourth most expensive retail street in the Americas, according to Cushman & Wakefield's newest Main Routes Across the World survey, which examines 462 of the world's top retail streets and ranks them by their prime rental value. These rents were similar to those reported a year ago.  Cvs pharmacy   The 28th edition of the report also contains a listing of the 71 most expensive streets in the world, one for each country. According to this year's research, rental gains were seen on 36% of all streets studied.   "Both taking rents and demand from global stores have been steadily increasing on Lincoln Road," stated Senior Director Greg Masin. "While the street remains a highly relevant and vital touch point for the merchant with the client, businesses are under pressure to reduce fixed costs and re-evaluate business models and how they best engage the consumer."   "As a result, we've witnessed a s...

The rapid expansion of e-commerce has created the most disruptive trend in the industrial & logistics industry, according to CBRE's recently released Last Mile / City Logistics Report, forever changing the way we think about industrial real estate and reorganizing the supply landscape.  Lands end   The growing population of cities, combined with new age consumer behavior—driven by the millennial generation—has increased the strain on supply chains to transport items and perishables into cities within short time limits. As city logistics and the last mile become more important, metropolitan areas around the world are shifting towards a more dynamic level of transportation in order to satisfy this need.   Consumer expectations have shifted dramatically in recent years, and supply chains have been compelled to adjust as a result. According to CBRE study, UK millennials shop online for more than a third of their non-food purchases, and half are predicted to shop o...

For global real estate investors, North America is the preferred region.  Jimmy johns   Stronger economic growth, the availability of debt capital, and a more positive outlook from investors are expected to drive global capital flows in 2017, according to CBRE's new Global Investor Intentions Survey for 2017, with $1.7 trillion of 'dry powder' available to deploy in real estate this year.   Because of the relatively high income yield, investors have adequate resources and a strong motive to engage in real estate, according to the 2017 global survey. Investors choose North America, with London, Los Angeles, and Sydney being the most favoured cities in each of the major areas. The most popular asset sector is office, followed by logistics, which grew substantially in 2017 and is a close second.   Investors have projected $1.7 trillion in real estate capital expenditures, according to the study results. In comparison to 2016, the majority of investors expect...

Global real estate investment volumes surged in 4Q 2012, according to Jones Lang LaSalle capital markets research from 60 countries, with US$141 billion traded, bringing the year's total preliminary volume to $436 billion.  Business directory 2012 saw a small increase in real estate investment volumes over 2011's $435 billion, and a 36 percent rise over 2010. A yearend rush of US investors looking to move cash to avoid capital gains taxes as a result of the government's "fiscal cliff" problems contributed to the excellent quarter. Volume in the United States increased by 51% from the previous quarter. Mexico, Canada, France, Germany, and the Nordic nations all had a solid year. Jones Lang LaSalle's Arthur de Haast, Head of the International Capital Group, stated, "The increase in the fourth quarter of the year shows that real estate markets are well past the recovery stage of the cycle and are now sustaining year-over-year gains in transactional volumes. ...

Greenland Group, situated in Shanghai and one of China's top developers, is increasing its abroad investments by focusing on the United States and Australia.  Directory According to the Wall Street Journal, the corporation is planning to invest in a project on the West Coast of the United States and is also considering a residential project in Melbourne. Brookfield Asset Management has already announced the purchase of a residential and hotel property in Sydney for $497 million. Chairman Zhang Yuliang told reporters, "We are interested in regions where there are a lot of Chinese people." According to him, the purchase in Sydney is supported by loans from Chinese and Australian banks. The business intends to benefit from the growing number of Chinese immigrants and students studying overseas. Mr. Zhang also stated that government actions to cool the market are necessary since home prices are "excessive," according to the Journal. Mr. Zhang told reporters that ...

The Wyndham Hotel Group recently announced plans to open its first property in Dubai, marking the latest step in the chain's Middle Eastern growth. In the Middle East, Wyndham operates 35 hotels, 27 of which are under the Ramada brand.  Chats Bob Loewen, executive vice president and chief operational officer of Wyndham Hotel Group, is in charge of the company's foreign operations. He discussed the group's growth in the Middle East and other global expansion goals in an interview with the World Property Channel. What distinguishes Dubai from the other Wyndham hotels in the region? There has been a significant surge in incoming travel to Dubai. The government and the Dubai Department of Tourism and Commerce want to double the number of tourists by 2020, from 10 million in 2012 to 20 million per year, and quadruple tourism's contribution to the city's economy, as a result of Dubai's Vision for Tourism, which was signed early this year. The city's significant in...