Global MarketView (Q3 2012)

Commercial Real Estate Holds its Ground Against Headwinds

The commercial real estate sector displayed resilience in Q3, continuing its gradual recovery despite ubiquitous uncertainty.
The preference for and shortage of prime space was again pronounced across all three leasing sectors.
Stimulated by heightened shortages of prime space, the Global Retail Rent Index recorded the strongest gain of all leasing sectors; regionally the Americas led.
The Global Industrial Rent Index held firm this quarter, defying softening industrial indicators. Industrial logistics rent growth was relatively strongest in Asia Pacific.
The global office leasing sector showed signs of consistent improvement, especially in the Americas.
Global investors remained active and focused on prime property. Investment volumes are growing and capital values have broadly stabilized; regionally, capital values continued to strengthen in the Americas.