| Property value and rent growth continued in the Americas, balancing flat performance and modest declines in the EMEA and Asia Pacific markets. Global office real estate values and rents remained steady in Q4 2012, according to CBRE Group, Inc. The CBRE Global Office Capital Value Index rose slightly with a gain of 0.6% for Q4, while the CBRE Global Office Rent Index also edged up in Q4, rising 0.3%.
“Considering the degree of uncertainty and caution permeating the global economy through the end of 2012, the performance of commercial real estate assets has been resilient. Fundamentals in absorption, occupancies and rents have seen gradual improvements while new supply is scarce, a dynamic which has maintained and improved the leasing market. Strong occupier and investor demand for prime space in the most desirable locations has played a significant role in the ongoing commercial real estate recovery as well,” said Dr. Raymond Torto, CBRE Global Chief Economist.......................................Full Article: Source |