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Commercial News Edition | WORLD PROPERTY JOURNAL

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Global Commercial Property Investment Plummets 57 Percent in Q2

Global Commercial Property Investment Plummets 57 Percent in Q2

Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis. Read More »


Singapore's Commercial Property Sector Still Subdued from Coronavirus Mid-Summer

Singapore's Commercial Property Sector Still Subdued from Coronavirus Mid-Summer

Ample liquidity and a low-interest environment has continued to support investments in the commercial property sector in Q2 2020. Read More »

Manhattan Office Condo Sales Plummet 66 Percent from Coronavirus

Manhattan Office Condo Sales Plummet 66 Percent from Coronavirus

According to New York-based Rudder Property Group's biannual office condominium report for the first half of 2020, Manhattan office condo sales significantly declined in the first half of 2020, as sales prices dipped. Read More »

Sublease Office Space Spikes in U.S. Amid Coronavirus Outbreak

Sublease Office Space Spikes in U.S. Amid Coronavirus Outbreak

Global property consultant CBRE is reporting that the amount of office space offered for sublease in the 10 largest U.S. office markets has increased by 12 percent since the COVID-19 pandemic forced a shutdown of local economies in March 2020. Read More »


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Commercial Property Spotlight

Vertropolis Towers - (Riyadh, Saudi Arabia)

Vertropolis Towers - (Riyadh, Saudi Arabia)

Like a bouquet of colorful flowers blossoming among the desert dunes, the three towers of the Vertropolis complex reach toward the Riyadh sky. Read More »


Regional Commercial Real Estate News

Last Updated August 3, 2020 9:00 AM ET

North America

Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis.

According to New York-based Rudder Property Group's biannual office condominium report for the first half of 2020, Manhattan office condo sales significantly declined in the first half of 2020, as sales prices dipped.

Global property consultant CBRE is reporting that the amount of office space offered for sublease in the 10 largest U.S. office markets has increased by 12 percent since the COVID-19 pandemic forced a shutdown of local economies in March 2020.

New York City's retail sector experienced significant deceleration in leasing activity in the first half of 2020 intensified by the COVID-19 pandemic, and ongoing social protests.

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020.

Freddie Mac's latest Multifamily Apartment Investment Market Index rose by 1.8% in Q1 2020 after a modest quarterly decline (1.4%) in Q4 2019.

Last Updated September 29, 2017 9:03 AM ET

Latin America

The recent 7.1 magnitude earthquake that stunned Mexico City (and surrounding states of Mexico, Morelos and Puebla) is now having a strong impact on Mexico's commercial real estate market.

A vast majority of real estate investors intend to increase their property acquisitions in 2016.

London's West End is the world's most expensive office market for the third consecutive year, retaining its title ahead of runner-up Hong Kong.

The property division of Carrefour Argentina has opened Terrazas de Mayo, a new shopping centre valued at $29 million,

Money will continue to flow into real estate from across the capital markets worldwide, but investors should be increasingly concerned about getting caught late in the cycle

Fundamentals are improving across many office markets in The Americas, Asia Pacific and Europe as we head into 2015.

Last Updated April 6, 2020 8:00 AM ET

Europe

The UK has reconfigured a number of commercial property to save lives, and has demonstrated it is possible to swiftly create new temporary uses for real estate.

According to global property consultant Knight Frank's latest Wealth Report 2020 reveals that private capital was responsible for $333 billion of all commercial real estate purchases in 2019, a 5% rise on the previous year.

Global property consultant JLL is reporting this week that worldwide commercial real estate investment volumes increased by 10% in the fourth quarter of 2019, to $245 billion. This brought full-year activity to $800 billion.

According to new report from CBRE, global commercial real estate investment volume, including entity-level deals, rose by 7% quarter-over-quarter but fell by 2% year-over-year in Q3 2019.

According to global property consultant JLL, take-up for Ireland office space in Q3, 2019 totaled 394,093 sq. ft across 44 deals. This is 19% higher than last quarter, in the year-to-date; take-up is 2.2 million sq. ft.

According to the new Future Gazing: Logistics - The Last Mile Report by global property adviser Knight Frank, optimal locations for 'last mile' logistics space is now being driven by not just where online shoppers live and work but also the increasing complexity of delivery models.

Last Updated July 30, 2020 9:00 AM ET

Asia Pacific

Ample liquidity and a low-interest environment has continued to support investments in the commercial property sector in Q2 2020.

Global property consultant JLL is reporting this week that the full impact of the COVID-19 pandemic was felt deeper in Asia Pacific real estate markets in the second quarter of 2020 than the previous quarter.

Capital values of mass residential remain resilient in H1 2020, but the rising unemployment rate will weigh on housing prices by the end of this year.

The primary growth node in the Greater Bay Area (GBA) as its concentration of highly innovative and technically-advanced industries could help stimulate economic development.

Hong Kong's Central's Grade A office rents fell 2.7% to HKD 102.4 per sq. ft in May 2020 as the vacancy rate reached 5% for the first time since the Global Financial Crisis in 2008.

As businesses prepare to return to the office amid an easing of lockdown restrictions across Asia Pacific, many are considering how their corporate real estate portfolios should look in the 'new normal'.

Last Updated November 8, 2017 8:00 AM ET

Middle East and Africa Pacific

With positive government interventions to bring in more investors and diversify Bahrain's real estate market, retail remains a significant area of growth in the Kingdom's property sector.

The recently announced Emirates Towers Business Park is set to become Dubai's most defining commercial development in over 10 years.

Dubai's vision to diversify its economy further and establish itself as a thriving global business hub has accelerated business activity in a number of innovative industries, in turn spurring a new stream of demand for industrial space.

A slowing rate of decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market 'bottoming out' before the end of 2017, but the planned introduction of VAT on January 1, 2018 is already causing nervousness amongst existing commercial tenants.

According to international real estate consultant Cluttons, the global economic anxiety and growth slowdown across regional markets has played a significant role in the decreased demand for industrial real estate in Dubai.

According to CBRE Group, Middle East investment in the global commercial real estate sector reached nearly $10 billion in the first half of 2016.

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