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Global Office MarketView Q2 2011

OVERVIEW

• 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.

This is an extract from CBRE‘s Global Office MarketView Q2 2011.  To read the full document please click here.

About the Author

Chris Hardy has extensive research experience. Chris specializes in property research internationally writing for CBRE specifically about global issues and trends.

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