Business Specialties
Leasing
Jul 28, 2009
Commercial property rental rates have continued to sag across the globe, according to a new survey by the Royal Institute of Chartered Surveyors. The RICS survey reported the sharpest rent declines in its five-year history for the second quarter of 2009. Singapore, Ukraine, Spain and Ireland were among the hardest-hit markets as far as falling rents. Here in the United States, meanwhile, the tenant demand is still declining, but the dropoff may be finding a bottom—largely aided by the decrease in the amount of speculative space hitting the market.
On the investment front, while transaction activity continued to drop in most world markets, a few countries saw an increase in investment bidders per property. The United Kingdom was particularly notable in reporting a positive balance of 46 percent more property professionals seeing an increase in bidders for properties during the second quarter.
Commercial property rental rates have continued to sag across the globe, according to a new survey by the Royal Institute of Chartered Surveyors. The RICS survey reported the sharpest rent declines in its five-year history for the second quarter of 2009. Singapore, Ukraine, Spain and Ireland were among the hardest-hit markets as far as falling rents. Here in the United States, meanwhile, the tenant demand is still declining, but the dropoff may be finding a bottom—largely aided by the decrease in the amount of speculative space hitting the market.
On the investment front, while transaction activity continued to drop in most world markets, a few countries saw an increase in investment bidders per property. The United Kingdom was particularly notable in reporting a positive balance of 46 percent more property professionals seeing an increase in bidders for properties during the second quarter.
Recent Leasing Headlines
Aug 07, 2009
Aug 06, 2009
Jul 31, 2009
Jul 30, 2009
Jul 30, 2009
Subscribe to this blog's feed
