Los Angeles – March 23, 2011 – CB Richard Ellis Group, Inc. (CBRE) today unveiled the 2011 edition of the Global Office Occupier Guide, the comprehensive reference guide on leasing practices and protocols around the world. The 2011 version of this groundbreaking encyclopedia summarizes commercial real estate procedures across 56 counties1, ranging from Australia to Vietnam.
The report is available for mobile devices such as iPhone users who can access the Guide on CBRE’s app on iTunes.
“The business world has become flatter and success and growth today are predicated on a strategic understanding of all key global markets and leasing practices,” said Dr. Raymond Torto, CBRE’s Global Chief Economist. “The Global Office Occupier Guide is an essential reference tool for all those doing real estate across the world’s office markets.”
For each of the markets, the Global Office Occupier Guide provides an easy-to-use, detailed chapter describing local real estate practices. This valuable resource contains market-specific information including:
- Space measurement practices
- Occupancy costs--including rent, taxes, operating costs and utilities
- Transactions costs—including agency and legal fees
- Lease length and other lease provisions
- Office leasing market background—including licensing, transparency and building classification
The 2011 Global Office Occupier Guide was researched and produced by CBRE’s Global Research team in conjunction with George Relyea of the Company’s Global Corporate Services. It is available to clients and associates of CB Richard Ellis via the CBRE iPhone app on iTunes or by contacting a CB Richard Ellis professional.
CB Richard Ellis was the first commercial real estate services firm with a corporate iPhone application.
1 Also includes separate sections on Hong Kong and Manhattan.
Note to Editors: “The 2011 Global Occupier Guide” can be viewed HERE. To speak with a CBRE expert, please contact Robert McGrath (212.984.8267 or Robert.McGrath@cbre.com).
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.