• The global economy presented no shortage of economic headwinds and obstacles for commercial real estate in Q2 2011; nevertheless, property sector fundamentals continued to improve. With the relative drought of new construction, tenants continued to face a shortage of preferred space, which either stabilized or placed upward pressure on rents.
• Elevated by strong rental growth in Asia Pacific, the CBRE Global Office Rent Index increased for the fifth consecutive quarter in Q2, reaching 7.4% year over year. Rent growth was positive across all regions, but growth in EMEA moderated, with the index declining slightly to 2.4% year over year. The Americas region, last to emerge from declining rental trends, experienced its first positive quarter of growth, at 1.5% year over year.