LOS ANGELES-The value of global office properties continued to rise steadily while global office rents held steady during the second quarter of 2013, according to research from CBRE Group, Inc. During the quarter, CBRE's Global Office Capital Value Index improved 1.0%, and its Global Office Rent Index edged up 0.2%, as notable strength in the Americas largely fueled the rise in both indices.
“Commercial real estate continues to hold strong appeal for investors in today's low interest rate environment,” said Raymond Torto, CBRE chairman, global research. “Despite the recent uptick in long-term interest rates, prime assets, in particular, offer attractive risk-adjusted returns compared with stocks and bonds. Meanwhile, the slow pace of the global economic recovery continues to inhibit rent growth. However, rents continue to remain broadly stable, as limited new construction in most parts of the world keeps available supply in check.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
