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Global Market Perspective - May 2010

Unsettled skies for global real estate markets

Our January Global Market Perspective talked of a ‘cool recovery’ ahead. Five months into 2010, while balmy skies have appeared, the threat of storms still looms. Some hotspots have developed: in parts of the Asia Pacific region  ffice markets have registered a major expansion in occupied space; London, Shanghai and Hong Kong are experiencing  rime office rental growth; and transaction volumes in select US cities are exceeding last year’s numbers. But the pressure gauge is still unsettled due to concerns over the European sovereign debt crisis and potential overheating in China. The atmosphere is charged for those in the property market equipped to look for opportunity. But check the local forecast before venturing out.

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