Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
CBRE: Calgary overall office vacancy rate up from 16.7% to 18.1% in 2016
In its 2016 Canadian Market Outlook report, CBRE noted that the overall vacancy rate for offices across Calgary is expected to rise from 16.7% in 2015 to 18.1% in 2016. The Class A Net Rental Rate is expected to slip from CAD23.59 per square foot to CAD18.59 per square foot. Net absorption is expected to rise from -2.14mn square feet to -0.03mn square feet. New supply is expected to drop from 1.72mn square feet to 1.06mn square feet. Stock that is under construction should fall from 4.70mn squar...
Read more.Savills: Xian was CNY265bn retail market in 2013
In its recently published report, China’s Cities, Savills noted that retail sales in Xian in 2013 amounted to about CNY265bn and, by that measure, was the 18th largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY33,000 per annum. GDP per capita was CNY56,000. In 2011, there were around 65mn domestic tourism arrivals and about 1mn international tourism arrivals....
Read more.CBRE: Vancouver industrial availability rate up from 5.9% to 6.0% in 2016
In its 2016 Canadian Market Outlook report, CBRE noted that the overall availability rate for industrial property is expected to rise from 5.9% in 2015 to 6.0% in 2016. The Net Rental Rate is expected to rise from CAD8.26 per square foot to CAD8.45 per square foot. Absorption is expected to fall from 4.75mn square feet to 2.33mn square feet. New supply is expected to drop from 3.03mn square feet to 2.58mn square feet. Stock that is under construction should fall from 3.93mn square feet to 1.53mn...
Read more.Savills: Zhengzhou was CNY270bn retail market in 2013
In its recently published report, China’s Cities, Savills noted that retail sales in Zhengzhou in 2013 amounted to about CNY270bn and, by that measure, was the 17th largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY26,000 per annum. GDP per capita was CNY65,000. In 2011, there were around 80mn domestic tourism arrivals and fewer than 1mn international tourism arrivals....
Read more.Savills: Ningbo was CNY270bn retail market in 2013
In its recently published report, China’s Cities, Savills noted that retail sales in Ningbo in 2013 amounted to about CNY270bn and, by that measure, was the 16th largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY41,000 per annum. GDP per capita was CNY92,000. In 2011, there were around 50mn domestic tourism arrivals and about 1mn international tourism arrivals....
Read more.CBRE: Vancouver neighbourhood retail cap rate to remain unchanged at 5.00-5.75%
In its 2016 Canadian Market Outlook report, CBRE noted that retail sales in Vancouver are expected to rise by 4.6% in 2016, following an increase of 8.7% in 2015. The cap rate for neighbourhood retail centres is expected to remain unchanged at 5.00-5.75%. The value of investment in retail properties in Vancouver is expected to grow slightly, from CAD1,108mn to CAD1,163mn....
Read more.Savills: Wuxi was CNY280bn retail market in 2013
In its recently published report, China’s Cities, Savills noted that retail sales in Wuxi in 2013 amounted to about CNY280bn and, by that measure, was the 15th largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY38,000 per annum. GDP per capita was CNY120,000. In 2011, there were around 55mn domestic tourism arrivals and about 1mn international tourism arrivals....
Read more.Savills: Changsha was CNY290bn retail market in 2013
In its recently published report, China’s Cities, Savills noted that retail sales in Changsha in 2013 amounted to about CNY290bn and, by that measure, was the 14th largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY34,000 per annum. GDP per capita was CNY100,000. In 2011, there were around 50mn domestic tourism arrivals and fewer than 1mn international tourism arrivals....
Read more.CBRE: Vancouver overall office vacancy rate down from 11.5% to 11.2% in 2016
In its 2016 Canadian Market Outlook report, CBRE noted that the overall vacancy rate for offices across Vancouver is expected to fall from 11.5% in 2015 to 11.2% in 2016. The Class A Net Rental Rate is expected to slip from CAD27.10 per square foot to CAD26.21 per square foot. Absorption is expected to fall from 1.51mn square feet to 0.53mn square feet. New supply is expected to drop from 2.40mn square feet to 0.39mn square feet. Stock that is under construction should fall from 1.08mn square fe...
Read more.Savills: Qingdao was CNY300bn retail market in 2013
In its recently published report, China’s Cities, Savills noted that retail sales in Qingdao in 2013 amounted to about CNY300bn and, by that measure, was the 13th largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY35,000 per annum. GDP per capita was CNY90,000. In 2011, there were around 50mn domestic tourism arrivals and about 1mn international tourism arrivals....
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