Market Data
International Beat(6)
“By 2050, 19 of the 30 largest economies will be from the emerging world. … The rise in income per
capita in the emerging world will dwarf that of the U.S.”
The World in 2050, a report
by HSBC Global Research
Germany’s Big Deal
Trophy properties in
secondary markets are attracting investors as one of Europe’s largest retail
deals took place in Braunschweig, an industrial city of about 245,000 in north
central Germany. In January, Deka Immobilien GmbH bought the Schloss Arkaden
shopping center for $339.6 million from CS Euorereal. “Investors are
increasingly willing to compromise on the city but not on the property,” said
Richard Bloxam, capital markets director of Jones Lang LaSalle, in a Wall
Street Journal interview.
Markets to Watch
London’s CBD office
occupancy rose 6 percent in 1Q11, solidifying the growing recovery in major
international markets. First-quarter office investments totaled £2.1 billion, a
28 percent YOY increase, according to Jones Lang LaSalle.
Europeans Move Back to the
Office
The 2010 Global WorkPlace
Solutions Flexible Working Survey shows a significant reduction in the amount
of time that employees in Europe choose to work from home or as mobile workers,
according to Marie Puybaraud, study author and director of Global WorkPlace
Innovation. The survey shows a 150 percent increase in mobile workers returning
to the office. Clearly the global recession has re-elevated the office as the
place to be seen — working.