Global CRE investments rise
Globally, direct commercial real estate investment is expected to total $300 billion in 2010, a 40 percent to 50 percent increase from 2009, Jones Lange LaSalle said.
As global markets strengthened, investment volumes in the first half of 2010 totaled $130 billion, a sign of improved confidence and increased momentum in the commercial real estate investment market.
In recent weeks, regional markets have moved with different dynamics as the global property market recovery builds.
The Asia Pacific region has been the quickest to recover as its investment markets now wait for rental markets to catch up with market sentiment.
In European markets, investors appear more hesitant as an investor-led bounce in the first and second quarters has yet to filter through to market fundamentals. However, rental growth is expected to return to a select number of those markets during the second half of the year.
The Americas are also progressing through the bottom of the cycle and in Latin America, the outlook for commercial space demand is increasingly positive.