The commercial real estate (CRE) sector displayed resilience in Q3 2012, continuing its gradual recovery despite an insalubrious mix of slow global economic growth and ubiquitous uncertainty.
The preference among occupiers for prime space in gateway and core markets was again pronounced in Q3 2012 across the office, industrial and retail sectors.
The preference for prime space extended to the global capital markets as well, with capital continuing to flow to the CRE sector, attracted by recovering fundamentals and alluring yields. The result was a continued strengthening of capital values in Q3 2012. Global investment volumes held relatively robust as global investors remained active, yet acutely aware of external factors, global volume in Q3 2012 was 3.7% higher than the same quarter last year. Investment activity in the Americas and Asia Pacific was generally firm while, in EMEA, strong activity in the U.K. offset underperformance in Southern Europe and CEE.
Source : CBRE