According to the second largest real estate developer in Abu Dhabi, residential rents could fall by 10% during the next year, due to the number of new homes being completed.
Technology Growth Helps Lift Office Occupancies
July 6, 2011 by
In March, Amazon leased the majority of a 36-storey building in a downtown Seattle which was constructed during the recession. This has fuelled hopes that technology growth will help raise office occupancies and rents. In the three months prior to June, the US office market gained 3.7 million square feet of net occupied space, making [...]
Ikea and Wal-Mart Buy Chinese Retail Space
July 5, 2011 by
Ikea and Wal-Mart are just two of the foreign retailers choosing to buy land in China in a departure from renting. Last year, Wal-Mart, which is the largest retailer in the world, bought land in north-eastern Dalian, and Ikea is to spend $1.2 billion on building 510,000 square meters of malls. Foreign retailers are increasingly [...]
Gap Between Elite and Prime London Property Widens
July 5, 2011 by
The price of truly elite property in London can increase by as much as £3,000 a square foot merely due to the presence of a doorman. Luxury property or prime property in Britain’s capital can cost anything from £1,000 to £4,000, but according to Knight Frank LLP it is the little touches that elevate a [...]
Overseas Property Investments Surge in Australia
June 6, 2011 by
Foreign property investors in Australia last year purchased almost $3.1 billion worth of commercial properties in the country, which is three times as much as the previous year’s figure, $1.2 billion in 2009, says a new report by Real Estate Investment Flows. In all, 24.3% of commercial property transactions in Australia last year involved foreign [...]
Chicago Commercial Property – Moving Guardedly
April 6, 2011 by
Increased leasing activity in Chicago has some jumping for joy in that market, while other more conservative experts warn of a flat market. Quarter one 2011 showed minimal job growth and a 16 percent vacancy rate going nowhere do not suggest celebration. But, there are positive variables to look at as well.
