Global Office Markets Well Into Recovery

Office markets around the world are expected to enjoy the best trading and performance since 2007 in the coming 11 months, Jones Lang LaSalle has forecast. The property consultant has revealed that the worldwide market is currently at its strongest for two years....

Office markets around the world are expected to enjoy the best trading and performance since 2007 in the coming 11 months, Jones Lang LaSalle has forecast.

The property consultant has revealed that the worldwide market is currently at its strongest for two years.

"Improving market fundamentals are further boosting investor activity, leading to double digit capital value growth on prime assets in many top tier markets. The momentum for increased investment trades is building, encouraging investors to assume greater risk to achieve their intended returns," the Global Market Perspectives report said.

Jones Lang LaSalle added that investment volumes are expected to rise by a further 20 to 25 per cent in 2011, as long as there are no further financial shocks.

The report highlighted the fact that the majority of prime markets around the world are now well into the recovery stage, with leasing volumes at their highest level for two years and vacancy rates stabilising. In addition to this, many countries are also enjoying rental growth.

- Friday 04 February 2011

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