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Global office value, rent indexes jumps 12pct in first quarter, CBRE says

Posted on 30 May 2011

Raymond TortoAn index of global office values jumped 12 percent in the first quarter of 2011 from a year ago while a rent index rose 4.3 percent, real estate services firm CB Richard Ellis Group Inc. said in a report.
“The fact that capital values have rebounded ahead of rents reflects several factors, including the deeper integration of commercial real estate into the global capital markets,” Raymond Torto, CBRE’s global chief economist, said in an e- mailed release. The pricing of real estate relative to other assets and the availability of favorable financing in the U.S. have also contributed to the recovery, he said……………………………………….Full Article: Source


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