Leasing volume slid to 1.16 million square feet last month from 2.1 million square feet in February, brokerage Colliers International Group Inc said.
Lessons learnt from first-time investments in Poland
Leasing activity across Manhattan is 13.8% above the city's 10-year average, and year-to-date is 11.1% better than 2015, a banner year for commercial real estate in New York, the brokerage said on Thursday.
Commercial vehicle manufacturer the Volvo Group has signed an agreement with the real estate company Platzer Fastigheter Holding AB regarding the sale of properties in the areas of Arendal, Torslanda and Säve in Gothenburg, Sweden.
Diamond Resorts International Inc said it agreed to be bought by private equity firm Apollo Global Management LLC for about $2.2 billion.
The leasing environment in key global office markets is highly competitive with rents on prime spaces up by 3.6% year on year in the first quarter of 2016.
This is despite heightened financial market volatility and global economic across the 95 major markets covered by the JLL Global Office Index which also shows that quarter on quarter rents increased by 0.6% compared to 1.3% in the fourth quarter of 2015.
With the world’s major real estate markets appearing to be back on track following a cautious start to the year, business sentiment is improving and corporate activity is expected to ramp up over the course of 2016, according to the report.
Demand for office space across major Australian markets is on the rise in 2016, according to new data from Colliers International.
According to the firm’s latest Office Demand Index, a total of 507,799 square meters of demand was recorded in the first quarter of 2016, a 33% increase from the fourth quarter of 2015.
Large businesses looking for more than 3,000 square meters of office space accounted for over 50% of the total area enquired for in the first three months of 2016, while representing just 9% of the total number of enquiries, by volume.
Mainland Chinese financial institutions have expanded their physical footprint in Hong Kong's prime business district at their fastest pace in five years, driving up rents and underscoring how Beijing's policies are reshaping the city.
While international firms are consolidating and re-locating offices to save money, Beijing is pushing on with plans to draw the former British colony into a Pearl River Delta mega-economy - and China's financial institutions are leading the way.
The sharpest fall in pan-India vacancy levels is expected in 2016 and 2017 when it will ease below 13%
On top of that, the era of easy money looks to be coming to an end with the first US interest rate rise in 9 years last December. Central banks around the world are expected to follow suit
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