CRE Recovery to Accelerate in 2014 (by JLL)

Commercial Real Estate Recovery to Accelerate in 2014

Hello. I will provide a clean and straightforward summary of the report outlining the 2014 commercial real estate market trends.

The core message of this report is that the commercial real estate recovery is gaining significant momentum. Global investment volumes are expected to show a solid 10 percent growth next year. While the leasing market has been somewhat cautious compared to the investment boom, this imbalance is smoothly narrowing, with the United States market leading the way.

Moving past a stagnant 2013, the leasing market is looking forward to a pleasant growth of 5 to 10 percent in 2014. The flow of the United States office market is exceptionally good. As demand expands beyond the tech and energy sectors into various fields, and new supply continues to shrink, prime downtown areas are creating highly favorable conditions for landlords.

The influence of the Millennial generation is also worth noticing. Their strong preference for urban environments with convenient transportation and abundant entertainment is reshaping the real estate landscape. Naturally, because companies are utilizing office spaces much more efficiently than before, the overall speed of space expansion might feel rather steady and calm.

Nevertheless, office rents are steadily projected to rise by about 5.5 percent. The report summarizes that as job numbers grow and the housing market revives, the commercial real estate market will continue to enjoy a diverse and stable recovery.

Source: http://online.wsj.com/article/PR-CO-20131217-906487.html

This text was thoughtfully prepared with the assistance of artificial intelligence to ensure a refined and accessible reading experience.

안녕하세요. 2014년 상업용 부동산 시장의 흐름을 읽어주는 Jones Lang LaSalle(JLL)의 보고서가 나왔습니다.

이 보고서의 핵심은 상업용 부동산 시장의 회복에 한층 속도가 붙는다는 것입니다. 내년 글로벌 투자 규모가 10퍼센트가량 튼튼하게 성장할 것으로 내다보고 있습니다. 그동안 투자 열기에 비해 임대 시장이 다소 조심스러운 모습을 보였지만 미국 시장을 선두로 이러한 불균형이 매끄럽게 줄어들고 있습니다.

임대 시장의 경우 정체되었던 2013년을 지나 2014년에는 5에서 10퍼센트 수준의 기분 좋은 성장을 맞이할 것으로 기대합니다. 특히 미국 오피스 시장의 흐름이 매우 좋습니다. 기술과 에너지 산업에 국한되었던 수요가 다양한 분야로 넓어지고 신규 공급마저 줄어들면서 주요 도심 지역은 임대인에게 매우 유리한 환경이 만들어지고 있습니다.

밀레니얼 세대의 영향력도 눈여겨볼 만합니다. 교통이 편리하고 즐길 거리가 많은 도심형 환경을 선호하는 이들의 성향이 부동산 시장의 지형을 새롭게 바꾸고 있습니다. 물론 기업들이 사무 공간을 과거보다 훨씬 효율적으로 사용하고 있어 전체적인 임대 면적 증가 속도는 차분하게 느껴질 수 있습니다.

하지만 오피스 임대료는 5점5퍼센트가량 꾸준히 오를 것으로 전망합니다. 전반적으로 일자리가 늘어나고 주택 시장이 살아나면서 상업용 부동산 시장 역시 다양하고 안정적인 회복세를 이어갈 것이라고 보고 있습니다.

원문 출처: http://online.wsj.com/article/PR-CO-20131217-906487.html

이 글은 인공지능(AI)을 활용하여 다듬었습니다.

Steady growth predicted for the global office market in 2014

http://www.propertywire.com/news/global-news/global-office-predictions-2014-201312178577.html

Steady growth predicted for the global office market in 2014
Tuesday, 17 December 2013

The global office market is poised for slow steady growth in 2014, while 2015 should be more robust as recovery takes hold and business gains renewed confidence, according to a new report.

AEO2014 EARLY RELEASE OVERVIEW

http://www.eia.gov/forecasts/aeo/er/index.cfm

Release Date: December 16, 2013 | Full Report Release Date: Early Spring 2014 | CORRECTION | Report Number: DOE/EIA-0383ER(2014)

This release is an abridged version of the Annual Energy Outlook that highlights changes in the AEO Reference case projections for key energy topics. The Early Release includes data tables for the Reference case only. The AEO2014 full version will be released early Spring 2014.
Download the AEO2014 Early Release Report

Re/Max forecasts ‘exceptionally healthy’ real estate market in 2014

http://business.financialpost.com/2013/12/11/remax-forecasts-exceptionally-healthy-real-estate-market-in-2014/

Re/Max forecasts ‘exceptionally healthy’ real estate market in 2014

Canadian Press | December 11, 2013 7:40 AM ET
More from Canadian Press

MISSISSAUGA, Ont. — Canada can expect an “exceptionally healthy” housing market in 2014 thanks to improvements in the overall economy that helped produce a surge in the latter half of this year, a leading real estate group said Wednesday.

2014 US Credit Outlook - Living in a Lean World

2014 US Credit Outlook - Living in a Lean World

Mark Howard, Colleen Watson, Ashish Jain - Credit
The Weekly Credit Pulse | 12 Dec 2013 16:47 | 1131 Kb

Summary
2014 US Credit Market Roadmap
US credit spreads are likely to grind tighter through much of 2014, but the path will not be linear or easy. Decent fundamentals and solid inflows are offset by rising interest rates, suppressed volatility, and skinny valuations. Total returns are expected to be modest in 2014 given our rates forecast, but excess returns are expected to be decidedly positive. We forecast 13bp of cash IG spread tightening and 58bp of HY tightening by year-end.

US Views: Looking to 2014 (Hatzius)

US Views: Looking to 2014 (Hatzius)

Published December 10, 2013

1. The economic news remains broadly encouraging. Although we would discount the 3.6% increase in Q3 GDP—which was inflated by a large inventory contribution that is likely to reverse in Q4—other indicators also suggest that growth has accelerated since earlier in the year. Nonfarm payrolls grew a solid 203,000 in November, business surveys are at levels consistent with above-trend growth, and the consumer picture is improving, judging from the latest auto sales and consumer sentiment figures. Taking October and November together to adjust for the government shutdown distortions, our current activity indicator (CAI) has averaged 3% in the past two months, up from around 2% in the first half of 2013. Likewise, our US-MAP surprise index has moved back into positive territory, indicating that the economic activity data are mostly beating consensus forecasts.

Economists a bit more upbeat about 2014

http://www.cnbc.com/id/101254028

Economists a bit more upbeat about 2014

Published: Monday, 9 Dec 2013 | 12:01 AM ET
By: John W. Schoen | CNBC.com Economics Reporter

They're not exactly singing "Happy Days Are Here Again," but business economists are feeling a little more upbeat about the recovery and job market heading into next year, according to a survey of the group released Monday.

GLOBAL OFFICE FORECAST 2014-2015

http://www.cushmanwakefield.kr/en-gb/research-and-insight/2013/global-office-forecast-2014-2015/

GLOBAL OFFICE FORECAST 2014-2015
Published Date : 04/12/2013
Maria Sicola

The following is a summary
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The global office market is poised for slow steady growth in 2014, while 2015 should be more robust as recovery takes hold and business gains renewed confidence. Jakarta, Dublin and Boston are the regional leaders among the top cities forecasted to see the highest office rental rate growth through 2015.

Global Economic Outlook - 2014 - Four Seasons of Leverage

Global Economic Outlook - 2014 - Four Seasons of Leverage

■ 1# Bumpy growth relay from emerging to advanced

For the first time post-crisis, we expect advanced economies in 2014 to see an increased contribution to global growth as emerging economies deleverage. Commodity markets will sit at the heart of this dynamic - our strategists look for range-bound markets in 2014.

High global investor confidence fuels plans to expand, particularly in 'safe havens'

http://www.colliers.com/en-us/insights/market-news/2014-property-investor-report

High global investor confidence fuels plans to expand, particularly in 'safe havens'

More than 500 global respondents reveal intentions, targets and strategies

Where will global property investors be buying in 2014? Surprisingly, despite recent economic uncertainty, investors are willing to look beyond political circumstances and invest in areas with strong property fundamentals. Overall, our new Global Investor Sentiment Survey finds optimism in the economic outlook for 2014, and with this increased confidence, many investors are planning to expand, especially in 'safe-haven' cities.

MAIN STREETS ACROSS THE WORLD 2013-2014

http://www.cushmanwakefield.kr/en-gb/research-and-insight/2013/main-streets-across-the-world-2013/

MAIN STREETS ACROSS THE WORLD 2013-2014
Published Date : 13/11/2013
Martin Mahmuti

The following is a summary
Download the PDF

Cushman & Wakefield is at the centre of retail, providing value added real estate services to our clients globally. We monitor the evolution of the industry as well as global retail trends and practices to ensure our clients can best position their businesses to capitalise on future trends.

European prime property rents to increase in 2014

European prime property rents to increase in 2014

​EXPO REAL, 7 October 2013 – Jones Lang LaSalle’s real estate data for H1 2013 indicates a stabilising situation across European prime property, with signs of recovery apparent in several key markets.

http://www.joneslanglasalle.eu/EMEA/EN-GB/Pages/Newsitem.aspx?ItemID=29318#.UlSAXobIZOw