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.