_Economy and Finance

Office Vacancy Declines In Major Markets In Q1 2013 Biggest Drops in Denver and San Francisco Office Markets. Moderate Decline in Industrial Availability. Los Angeles, March 21, 2013 – Office vacancy rates declined or held steady in most major U.S. markets during Q1 2013, according to preliminary data from CBRE Group, Inc. Six of the 12 largest markets showed declines in office vacancy, led by Denver and San Francisco, while two markets remained stable. Industrial availability* continued to decrease moderately in major U.S. markets, according to CBRE. (Read More: Office Vacancy Declines In Major Markets In Q1 2013 )

Global Office Rent Cycle MarketView and Charts (Q4 2012) Prime Rent Performance Divergent in Q4 2012 Executive Summary (Read More: Global Office Rent Cycle MarketView and Charts (Q4 2012) ) ▶ Occupier demand remains circumspect and still broadly focused on prime space.

Established Melbourne office market faces short term headwinds from Docklands and interstate departees: CBRE By Alistair Walsh Wednesday, 29 August 2012 The office market in Melbourne faces strong short term headwinds with the landmark projects in the Docklands precinct coming to market soon while major Melbourne tenants contemplate moving interstate, according to CBRE. http://www.propertyobserver.com.au/news/established-melbourne-office-market-faces-short-term-headwinds-from-docklands-and-interstate-departees-cbre/2012082956286

Office Market Frankfurt - Q3 2011 At 316,300 sq m, the Frankfurt office space take-up in the first three quarters was 13% lower than in the previous year. Compared to the previous year, when the space take-up volume was strongly influenced by the owner-occupied take-up by the European Central Bank, this result can be seen as robust.Without the ECB take-up, the growth in take-up would in fact have been at a satisfactory 22%. The vacancy rate rose slightly compared to the previous quarter by 0.2% points to its current level of 17.3%. With 12,700 sq m office space having been completed in the third quarter, the volume of new completions is at its lowest level for three years. The achievable prime rent remained stable at €38.00/sq m/month. Author(s): several Source: CB Richard Ellis Published: 27.10.2011 http://www.immopro24.com/market-report/office-market-frankfurt-q3-2011_1080.html

Commercial investors may look to Worldwide Plaza as model October 23, 2009 12:10 PM Real estate investor Peter Duncan, who scored a deal on the 49-story Worldwide Plaza building in July, now has the chance to shape the New York commercial real estate market’s investment landscape. Duncan, who is president of George Comfort & Sons, purchased the property at 825 Eighth Avenue for $590 million, roughly a third of what Harry Macklowe paid for it in February 2007. The price means Duncan might be able to lease out the first 14 floors, which stand vacant as the second-largest empty space in the city, for as little as $30 or $40 per square foot, according to Robert Sammons, research director at Colliers ABR. Whereas Midtown office buildings have had a rough year — CB Richard Ellis Group reported that there have been no single leases in the area for more than 250,000 square feet — low prices may hasten leasing activity for the space in Duncan’s building formerly occupied by advertising f...

Weak dollar boosts Frankfurt property demand - CBRE By Peter Starck FRANKFURT | Fri Nov 9, 2007 9:33 am EST Nov 9 (Reuters) - The weak dollar is boosting demand for real estate in Frankfurt, Germany's financial capital, as U.S. investors chase less risky assets, property consultancy CB Richard Ellis (CBG.N) said. (Read More: Weak dollar boosts Frankfurt property demand - CBRE )