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Prime rent performance divergent in Q4 2012

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Prime rent performance divergent in Q4 2012

Occupier demand remains circumspect and still broadly focused on prime space.
Soft conditions remain in Europe and Asia Pacific, while many Americas markets saw modest, but steady growth thanks to gradually strengthening economic fundamentals.
Strong demand was generated by the energy, healthcare and technology sectors across the US; this was particularly apparent in the Southern and Western regions of the US.
Sentiment in Europe remained fragile. Few markets witnessed growth and most were at a plateau. Oslo was the outlier and saw an increase in rents thanks to strong demand for prime space and a comparatively robust economy.
Only a few markets in Asia Pacific observed rent increases including Bangkok and Taipei, where demand for prime space drove growth.

Source : CBRE

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