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| CB Richard Ellis releases Global Office MarketView report CB Richard Ellis' (CBRE) new Global Office MarketView report shows that office rents are increasing globally, with the CBRE Global Office Rent Index increasing 4.3% year over year in the first quarter of 2011. The report analyzes global office markets across Asia Pacific, Europe, Middle East and Africa (EMEA) and the Americas, including global office development and construction, vacancy rates, rental cycles, key market snapshots and regional office summaries. "While global and regional rents have not returned to pre-recession levels, the robust 4.3% year-over-year increase provides encouragement to property owners that have endured seven quarters of consecutive Index declines, " said Dr. Raymond Torto, CBRE's Global Chief Economist. "With little in the way of new office space being constructed—particularly in EMEA and the Americas—the CBRE Global Office Rent Index is expected to continue rebounding modestly through 2011." write your comments about the article :: © 2011 Construction News :: home page |