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Global office value, rent growth slows on economic uncertainty, CBRE says

Posted on 14 November 2011

Raymond TortoA recovery in global office values and rents is slowing as sovereign debt concerns in Europe and lingering economic worries in the U.S. take their toll on investors around the world, according to real estate services firm CBRE Group Inc.
Global office values rose 1.1 percent in the three months ended Sept. 30 from the previous quarter, and rents added 0.9 percent, CBRE said. “Although both rents and capital values continued to rise, quarterly growth rates lost momentum,” Raymond Torto, CBRE’s global chief economist, said in the release………………………………………..Full Article: Source


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