12.11.2010 - Office rents stabilize globally
From Globest.com: Some of the gateway markets in the three regions surveyed by CBRE—EMEA, the Americas and Asia Pacific—have experienced double-digit rent growth year over year, even as 19 of the 175 markets surveyed saw their rents fall off by 10% or more. In fact, the regional acceleration or deceleration of rents in key markets points to the relative progress each region has made in terms of economic recovery. The “galloping” Asia Pacific region is home not only to three of the five most expensive office markets (Hong Kong’s Central CBD, Tokyo’s Inner Central district and Mumbai) but also some of the biggest percentage jumps in occupancy costs..............................................Full Article: Source
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