Despite continuing threats from the Delta variant, global commercial real estate markets are continuing to rebound, with overall leasing and transactional volume on the upswing. And that's leading CBRE researchers to upgrade their forecasts for the US and Asia Pacific regions in particular.
In a recent discussion with Spencer Levy, the firm's Global Chief Client Officer, CBRE Global Head of Investor Thought Leadership & Research Henry Chin said the recovery is "a lot stronger than what we originally thought in the beginning of the year."
"The Americans (and) the Europeans are starting having their holidays during the summer vacations, that definitely gives us this extra boost of confidence," Chin said. "The market's going to track back and of course, the delta variant is a big uncertainty for us right now."
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