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Research GLOBAL substantive dry land MARKETS human body of studyly refreshen & picket 2011 Highlights Globally, mercenary property markets be in the midst of a multi-speed rec all overy. age considerable variations endure between markets, the improvement of the human beings rescue in 2010 helped to get ahead demand for procedure space in most cities, and a growing number book seen rents rise and vacancy evaluate fall. In many markets, particularly in North the States and Europe, this process has been aided by a sharp mental retardation of development completions. Rental harvest-festival has been lead by the worlds major financial centres, with office rents rising in cities such as London, New York, Hong Kong and Singapore. In contrast, rents continue to amaze under downward pressure in a smaller group of markets, including Los Angeles, Madrid, Seoul and Dubai, where the economic outlook remains changeable or availability is high. Improved investor authority helped transactional activity to step-up across all global regions in 2010. Investment volumes are likely to rise further in 2011, albeit remaining swell below pre-downturn levels. 2011 GLOBAL REAL ESTATE MARKETS Annual review & outlook www.knightfrank.

com Contents Europe North America center East Africa Asia-Pacific Global office rents 4 12 22 24 26 29 3 2011 GLOBAL REAL ESTATE MARKETS Annual review & outlook Europe European Union gross domestic product grew by an estimated 1.8% in 2010, having contracted by 4.2% in 2009. The economic recovery has not been smooth and growth was weaker in the second half of the year than ! in the commencement half of 2010. Growth has been led by Germany, which saw GDP rise by 3.6% in 2010 as the countrys manufacturing and export-based economy benefitted from improvements in global trade. some other countries have lagged behind, most notably Greece, Ireland, Portugal and Spain, where unemployment remains high and concerns over main(a) debt have undermined economic confidence and led governments to accomplish exact austerity measures....If you want to get a liberal essay, come out it on our website: OrderCustomPaper.com

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