NEW YORK CITY-With gateway markets including London and Tokyo as well as New York leading the way, global property sales are expected to increase 5% to 10% to reach $606 billion this year, according to Cushman & Wakefield’s International Investment Atlas 2011 issued this week. Increasingly, it will be improving fundamentals in rent and income growth, rather than yield compression, driving the bus on performance, the firm says.
C&W reported in February that the global office market recovered from 2009’s downward trend to register positive rental growth in 2010, increasing overall by 2%. To an increasing degree, the improvements are polarized between prime and secondary markets, and are especially pronounced in so-called “ultra prime” markets, reflecting demand for the cr
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
