International Research Reports
Prime retail rents across the globe rose by an average of 2.4% in the 12 months to September 2014, with recovery being sustained but at an overall slower rate. Volatile and somewhat subdued economic activity affected some markets, while structural changes impacted on others. However, despite a more constrained rental growth rate, 277 of the 330 locations surveyed were either static or increased over the year.
From a global perspective, 2014 was a better year for the office real estate sector, with many markets in much better shape than twelve months ago, and on solid footing heading into 2015. Of course, there are a number of exceptions, particularly in markets in or near areas of political instability, and in those with stalled economic growth.
Global demand on the rise - The investment market was buoyant last year as a growing volume of equity and debt flowed across borders seeking opportunities to diversify. Nervousness over emerging markets did maintain a focus on the core, but a shortage of opportunities and demand for yield still pushed investors into new markets and led to a spreading of the recovery. Overall global trading activity fell back in 2014 due to a weakening in land sales – but, with land excluded, volumes rose by 9%.