Colliers International Expects Stability In Office Markets Globally

The global economy has seen recent headwinds from the smoldering eurozone debt crisis, slowing growth in China’s economy and the forecasted American fiscal cliff. Yet, the overall office real estate is expected to be moderately positive, according to the Global Office 2013 Outlook recently released by Colliers International. 

While many large office occupiers have taken a wait-and-see attitude toward the global economy, others are leasing up much-needed space to accommodate expanding operations. Quality office buildings in major cities in the world are seeing consistent demand from both occupiers and investors.

In terms of office occupancy costs, two Asian markets ranked among the top five most expensive in the world as of mid 2012. Hong Kong’s Class A office rent continued to top the world, with Tokyo taking the third spot.

 

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