Tuesday, November 6, 2012

The economic outlook in the first half of 2012, in the remainder of the year

A recent report by the U.S. office market, real estate services firm Cushman Wakefield predicted that the remainder of 2012, the positive development in the first half of this year's good performance. Support expanding economic trends, gross domestic product (GDP) grew by 1.5%, up 1.3% from the same period last year, pushing up employment. Although the economy is slowing down in the second half of this year, the office market is expected to remain good.

According to the report, the quality chunks of space to suit construction may increase in the short term becomes more difficult to find in some cities. However, speculative construction should be limited to the selection on the market, this is not possible due to continued capital constraints and rent appreciation in order to support the new development cost at least six to eight quarters in most markets.

The report shows that the U.S. office market's overall vacancy rate fell by 0.7% in the past 12 months, 16.4% in the second quarter ended. Nearly three quarters of surveyed cities vacant decline of 4.0%, the Contra Costa (15.6%), Palm Beach (20%) of 0.2%.

The weighted average overall asking rents increased for four consecutive quarters rose by 2.7 percent than the same period of the previous year's $ 28.12 per square foot. A gain of more than 2.2% in the previous quarter, due to less the cheap sublet human in the high-end property sales. San Francisco, San Francisco District, Midtown Manhattan, among the biggest gainers.

The report shows that the leasing activities decreased by 9%, as the base year of the date from the same period last year. Class A transaction signed very strong to see a significant drop in the level of last year, partly due to the lack of available space, but a higher demand for B-class and C-class space.

Close Market Association
OTC over-the-counter Association Association (OMA) brings together a wealth of experience in commercial real estate experts, bankers, financial experts, consultants, lawyers, accountants and other financial services sector. Two main the affiliated Sunovis financial and Genesis Capital.

It provides a new and exciting concept, its members - a new way to complete the transaction.

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