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.

Italy Attracts Real-Estate Investors From Abroad

COMMERCIAL REAL ESTATE
Italy Attracts Real-Estate Investors From Abroad
Confidence in Euro Zone Is Prompting Bets on Weaker Markets

By ALESSIA PIROLO
Oct. 15, 2013 8:26 p.m. ET

Foreign investors are showing a growing appetite for Italian commercial real estate, a sign that the gradual improvement of the European economy is being felt in some of the Continent's weaker property markets.

http://online.wsj.com/news/articles/SB10001424052702304330904579137381040342114

San Francisco Leads Office Leasing on Tech Strength

http://blogs.wsj.com/developments/2013/10/02/no-shutdown-in-sight-san-francisco-leads-office-leasing-on-tech-strength/

October 2, 2013, 7:30 AM.
San Francisco Leads Office Leasing on Tech Strength

It’s slow going in the U.S. office market.

Property Investors Widen Hunt in Europe

EUROPE MARKETS September 17, 2013
Property Investors Widen Hunt in Europe
Buyers Are Turning to Secondary Cities and Various Asset Types

By SARAH KROUSE

Institutional investors in Western European property are getting bolder in their hunt for higher returns, testing new locations and asset classes.

AMP Capital Raises $300 Million For Infrastructure Debt Fund

Aug 26, 2013
ASIA

AMP Capital Raises $300 Million For Infrastructure Debt Fund

By GILLIAN TAN

Australian investment manager AMP Capital has raised an initial US$300 million for its AMP Capital Infrastructure Debt Fund II from investors in Europe and Asia.

http://blogs.wsj.com/moneybeat/2013/08/26/amp-capital-raises-300-million-for-infrastructure-debt-fund/

Italy May Retail Sales Almost Flat on Month, -1.1% on Year

July 24, 2013
Italy May Retail Sales Almost Flat on Month, -1.1% on Year

By Manuela Mesco

ROME--Italy's retail sales in May increased by 0.1%, compared with April, national statistics institute Istat said Wednesday.

http://online.wsj.com/article/BT-CO-20130724-702696.html

Investors, Analysts See End of Commodity 'Supercycle'

July 22, 2013, 12:46 a.m. ET
Investors, Analysts See End of Commodity 'Supercycle'
Popular Bet in Global Financial Markets—That Prices Would Keep Rising—Is Unraveling

Investors are suffering mounting losses as a decadelong rise in commodity prices unravels amid slowing emerging-markets economies, rising supplies of oil and metals and the eventual end of central-bank stimulus policies that propped up prices for raw materials.

http://online.wsj.com/article/SB10001424127887324144304578619672666497416.html

China's Jinchuan May Halve Its Copper Supply

CHINA NEWS
June 6, 2013, 5:30 a.m. ET
China's Jinchuan May Halve Its Copper Supply
The Company's Force Majeure Will Likely Push Copper Prices, Premiums Higher

By CLEMENTINE WALLOP And YUE LI

A major Chinese copper producer has declared force majeure at one of its smelters, in a move that is likely to halve the amount of metal it supplies to customers for the next few months.

http://online.wsj.com/article/SB10001424127887324299104578528731246475470.html

Would You Please Yield?

JOURNAL REPORTS Updated March 11, 2013, 5:23 pm ET
Would You Please Yield?
Amid Low Returns From Bonds, Sovereign Wealth Funds Move Aggressively Into Real Estate

By PETER EVANS

At the start of 2010, the world's largest sovereign wealth fund had no property investments to speak of.

Three years later, Norway's Government Pension Fund Global, which manages the oil-rich nation's wealth through Norges Bank Investment Management, has committed around $6.7 billion to property. The investments are mainly focused on prime office and retail space in major European capitals, and Norges Bank has said it plans to spend billions more over the next decade.

http://online.wsj.com/article/SB10001424127887324678604578340630485929040.html

Land Securities Eyes Recovery in London Office Market

January 23, 2013, 6:20 a.m. ET
Land Securities Eyes Recovery in London Office Market

By PETER EVANS

LONDON—Land Securities Group PLC on Wednesday said the London office market is showing signs of revival, as the company announced several new lettings on a 36-storey office tower it is building in the capital.

http://online.wsj.com/article/SB10001424127887323539804578259320372774536.html

Being Gutsy Is Bringing Some Glory

COMMERCIAL REAL ESTATE
October 9, 2012, 8:12 p.m. ET
Being Gutsy Is Bringing Some Glory
Smaller Firms That Bought Commercial Property During Downturn See Profits

By ELIOT BROWN

The expected sale of a hulking, brick office tower in Midtown Manhattan is on track to net its seller the largest dollar profit to date on any single property that was purchased during the financial downturn.

http://online.wsj.com/article/SB10000872396390443294904578046812154313132.html

WSJ: Europe Economies Contract

http://online.wsj.com/article/SB10001424052970204880404577224363238679298.html?mod=rss_economy

EUROPE NEWS
FEBRUARY 16, 2012
Europe Economies Contract
Germany, Others Saw Fourth-Quarter Decline but Drops Were Smaller Than Expected

By BRIAN BLACKSTONE

FRANKFURT—Economic activity fell across much of the debt-plagued euro zone in the final quarter of 2011, with contractions stretching from fragile Greece to mighty Germany.

WSJ: OECD Hints at Developed-Economy Recovery

http://online.wsj.com/article/SB10001424052970204883304577220940888898860.html

ECONOMY FEBRUARY 13, 2012, 10:19 A.M. ET.
OECD Hints at Developed-Economy Recovery
By PAUL HANNON

LONDON—The world's developed economies may be set to emerge from several months of slowdown, led by the U.S. and Japan, according to the Organization for Economic Cooperation and Development.

WSJ: Home Prices Tumble

WSJ: Home Prices Tumble

REAL ESTATE JANUARY 31, 2012, 7:38 P.M. ET.
Home Prices Tumble

U.S. home prices fell again in November, according to the Standard & Poor's Case-Shiller indexes, indicating continued struggles for the beleaguered housing market.

WSJ: Soros Says World Economy Facing 'Vicious' Deflationary Cycle

http://online.wsj.com/article/SB10001424052970204257504577150403662707094.html?mod=rss_economy

ASIA BUSINESS JANUARY 9, 2012, 7:54 A.M. ET.
Soros Says World Economy Facing 'Vicious' Deflationary Cycle
By RUMMAN AHMED And SUDEEP JAIN

BANGALORE – George Soros, the billionaire U.S. investor, said Monday the global economy is facing a "vicious" deflationary cycle as members of the euro zone cut back sharply on spending to bring their budget deficits under control, crimping demand and squeezing prices.

WSJ: Euro-Zone Sentiment Darkens as Recession Fear Looms

http://online.wsj.com/article/SB10001424052970203471004577144253397891354.html?mod=rss_economy

EUROPE BUSINESS NEWS JANUARY 7, 2012
Euro-Zone Sentiment Darkens as Recession Fear Looms
By ALEX BRITTAIN

Euro-zone business and consumer confidence worsened last month while a wave of poor economic data added to evidence that much of the euro zone may be in a recession that could last well into 2012.

WSJ: Risks Cloud Outlook for Economy in 2012

ECONOMY DECEMBER 23, 2011
Risks Cloud Outlook for Economy in 2012
By CONOR DOUGHERTY

The U.S. economy is poised for another year of muddling through.

Most private economists forecast a modest 2% growth rate for the U.S. in 2012, with a pace subdued by housing woes, a lackluster job market, and cuts by government. Economists also warn of potential spillover from weakness abroad, including a mild recession apparently under way in Europe.

WSJ: Turkish Prices Rise on Rapid Growth

WSJEconomy: Turkish Economy Booms http://t.co/LFukQXXu
Original Tweet: http://twitter.com/WSJEconomy/status/146272574211493888

---

EUROPE NEWS DECEMBER 13, 2011
Turkish Prices Rise on Rapid Growth
By JOE PARKINSON

ISTANBUL—Turkey's central bank governor warned Monday that inflation was his No.1 problem, as data confirmed the economy expanded 8.2% in the third quarter, smashing economists' expectations and underscoring its reputation as Eurasia's rising tiger.

WSJ: Euro-Zone Activity in Decline

From http://online.wsj.com/

---

EUROPE BUSINESS NEWS
NOVEMBER 24, 2011
Euro-Zone Activity in Decline
By PAUL HANNON

LONDON—The euro-zone economy seems set for a contraction in the final three months of this year as the turmoil in government bond markets takes its toll on credit availability and consumer and business confidence.

WSJ: Youth Hit as U.K. Jobless Rate Rises

EUROPE NEWS NOVEMBER 16, 2011, 3:21 P.M. ET
Youth Hit as U.K. Jobless Rate Rises
Bank of England lowers its growth forecasts

By ILONA BILLINGTON and ALEX BRITTAIN

LONDON—U.K. unemployment rose again in October, while the number of young people without a job topped one million at the end of September, data showed Wednesday, increasing political pressure on Prime Minister David Cameron to come up with a solution to an issue that has plagued consecutive governments.