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: Shanghai most luxurious city in 2014
In its report ‘Global Luxury Retail 2015’, CBRE noted that Shanghai is the most luxurious city globally. Some 87% of all luxury brands have a presence there. In 2013, 83% of brands could be found in Shanghai. Some 69% of luxury and business fashion brands are targeting China for expansion in 2015. By this measure, China is seen as the most prospective of the 10 national/ territory markets profiled by CBRE....
Read more.JLL: Antwerp achieves one of the highest growth rates in retail rents in 2Q15
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that some of the strongest growth in retail rents globally was achieved in Antwerp. Rents increased by 8.1% quarter-on-quarter. Looking forward, JLL sees six cities in Europe whose retail property sectors should perform well for 2015 as a whole. They are Birmingham, London and Dublin, as well as Frankfurt, Hamburg and Munich....
Read more.JLL: Brussels achieves one of the highest growth rates in retail rents in 2Q15
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that some of the strongest growth in retail rents globally was achieved in Brussels. Rents increased by 8.1% quarter-on-quarter. Looking forward, JLL sees six cities in Europe whose retail property sectors should perform well for 2015 as a whole. They are Birmingham, London and Dublin, as well as Frankfurt, Hamburg and Munich....
Read more.JLL: Prime office market conditions to favour neither tenants nor landlords in Mumbai through 2016
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Mumbai have fallen by 3.3% over the last year. The prime yield is 10.0%, or a 1.95% premium to the yield on 10-year government bonds. Over the last year, rents have fallen by 4.7% and net absorption (on a rolling one year basis) has been 8.0%. The vacancy rate is currently 19.8%. Taking into account completions of new projects prior to the end of 2016, th...
Read more.JLL: Prime office market conditions to favour neither tenants nor landlords in Hong Kong through 2016
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Hong Kong have risen by 2.0% over the last year. The prime yield is 3.1%, or a 1.27% premium to the yield on 10-year government bonds. Over the last year, rents have risen by 7.9% and net absorption (on a rolling one year basis) has been 2.8%. The vacancy rate is currently 3.5%. Taking into account completions of new projects prior to the end of 2016, the...
Read more.JLL: Limited new supply of prime office space in Seoul in 2016
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Seoul have risen by 6.9% over the last year. The prime yield is 4.7%, or a 2.25% premium/discount to the yield on 10-year government bonds. Over the last year, rents have fallen by 0.9% and net absorption (on a rolling one year basis) has been -0.2%. The vacancy rate is currently 11.5%. Taking into account completions of new projects prior to the end of 2...
Read more.JLL: Prime office market conditions to favour tenants in Dubai through 2016
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Dubai have risen by 2.3% over the last year. The prime yield is 7.5%. Over the last year, rents have risen by 2.3%. The vacancy rate is currently 21.0%. Taking into account completions of new projects prior to the end of 2016, the supply pipeline is 14.0% of current stock. JLL considers that conditions will likely favour tenants in 2016....
Read more.JLL: Prime office market conditions to favour landlords in Sydney through 2016
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Sydney have risen by 9.5% over the last year. The prime yield is 6.0%, or a 2.97% premium to the yield on 10-year government bonds. Over the last year, rents have risen by 2.4% and net absorption (on a rolling one year basis) has been 2.4%. The vacancy rate is currently 8.8%. Taking into account completions of new projects prior to the end of 2016, the su...
Read more.JLL: Prime office market conditions to favour tenants in Paris through 2016
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Paris have risen/fallen by 9.7% over the last year. The prime yield is 3.5%, or a 2.30% premium to the yield on 10-year government bonds. Over the last year, rents have fallen by 4.1% and net absorption (on a rolling one year basis) has been -0.7%. The vacancy rate is currently 7.6%. Taking into account completions of new projects prior to the end of 2016...
Read more.JLL: Prime office market conditions to favour tenants in Moscow through 2016
In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Moscow have risen/fallen by 34.5% over the last year. The prime yield is 10.5%, or a 0.58% discount to the yield on 10-year government bonds. Over the last year, rents have fallen by 23.6% and net absorption (on a rolling one year basis) has been 4.0%. The vacancy rate is currently 17.0%. Taking into account completions of new projects prior to the end of...
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