Market Data International

International Beat


Big Deal

London's office space market is about to get a whole lot bigger with 51 new developments starting construction in the six-month period from October 2015 to March this year. It's the highest level of construction in 20 years, according to Deloitte Real Estate's London Office Crane survey. The number far surpasses the 2007 record of 37 office construction projects and comprises 14.2 msf, the greatest amount of space under construction since 1Q08. More-stringent financing since the recession has limited new development, pushing down the vacancy rate in London's main financial district from 5.7 percent in 1Q15 to 3.4 percent in 1Q16, according to JLL. Although London office assets are a top buy for foreign investors, a slowdown across Europe - plus concerns about the “Brexit” vote - sent London deal volumes down 47 percent YOY in 1Q16, according to Real Capital Analytics.






Markets to Watch

“German investors were the most active cross-border investors, acquiring assets from Australia to Canada. Their 30-percent increase in activity elevated them above both Chinese and North American investors in 1Q16.” — JJL

Continue Reading

Education Course Ad 300x250 PNG 2

Advertise with Us

Reach more than 45,000 top-performing commercial real estate professionals with CIRE magazine’s print, podcast, and online offerings.

Download the Media Kit

Ad: CIRE Podcast


Worldview: Canada

Winter 2021

The new year is looking up for the Canadian commercial real estate market, with a 14.6 percent quarter-over-quarter increase in 3Q2020.

Read More

The View from Abroad

Winter 2021

Maggie Coleman, managing partner with BFIN, where she leads the Private Capital Authority real estate platform, discusses how the U.S. economy, battered by COVID-19, is still the gold standard when it comes to stability — something that is important to foreign capital in need of safe harbor.

Read More

Worldview: United Kingdom

Fall 2020

Like so many global markets, the United Kingdom’s commercial real estate market is feeling the effects of the COVID-19 pandemic, with $17.9 billion in CRE investment for the first half of 2020,

Read More

This Is the Altered Normal

Fall 2020

Esri’s data on consumer behavior, demographics, and employment can help real estate adapt in the COVID-19 world.

Read More