CB Richard Ellis Global Marketview Q2
Get the result for the office rental cycle at the end of Q2
It is important for any office movers to keep on top of commercial property market movement in order to protect their interests in the marketplace. Research teams for property investment specialists Richard Ellis have released a review on the office rental cycle and drawn up a summary of the global market view at the end of the second quarter.
In terms of prosperity, the world GDP in growth for 2010 is forecast at approximately 4.5 per cent and the global economy is showing signs of improvement in the second quarter. Employment in the private sector is on the up and consumer confidence is building following the recession. The only cloud on the horizon in terms of attitudes towards the economy is ongoing government debt issues.
Asia Pacific is in the best position for growth in comparison to the position of the European market. A number of countries are still facing austerity measures and investment is still cautious across the board, but many cities have shown either levels of stability or improvement.
For the UK commercial property market, it is worth seeking out leases that reflect deals favourable to tenants, which are still available in certain areas across the country. Now is a good time for office movers to continue to take advantage of favourable rates in the market.
