Mon, 08 Nov 2010 | BUSINESS NEWS
According to a new global survey from property adviser Colliers International, the majority of property investors are planning to make commercial property purchases over the next 12 months.
Sixty per cent of survey respondents said that, due to an anticipated increasing demand from tenants and lower vacancy levels, they would look to make acquisitions, mainly in their home markets.
Of those investors keen to make their mark on commercial property abroad, many favoured London, Hong Kong, Singapore, Sydney and New York.
Rents for many commercial buildings, including offices located in prime city areas, retail units and warehouses, have already risen from the trough experienced last year, sparking a positive outlook for the future of the sector.
Jamie Horne, chairman of Colliers Asia, said, “Investors have considerably more confidence than just six months ago. Many still feel real-estate markets are unusually uncertain and will remain that way for some time.”
Alongside this rising confidence in commercial investment as reported by Colliers, New York-based Real Capital Analytics Inc also found that global property sales have risen by 56 per cent to $379 billion compared to the same time last year, mainly due to increasing investor confidence.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.