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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