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KPMG: Issues Monitor, Commercial Real Estate, October 2010

In its commercial real estate (CRE) Issues Monitor, KPMG finds that the global CRE is recovering, especially in the Americas.

10/29/2010
In its Issues Monitor of the global commercial real estate (CRE) market, KPMG finds that the sector has been experiencing worldwide recovery since the second half of 2009. It is expected to climb to $300 billion by the end of 2010, a year-on-year increase of up to 50 percent.

Growth in the Americas has been swifter than expansions in Europe, the Middle East, Africa, and the Asia-Pacific regions when considering improvements in CRE investments. Better global liquidity, credit conditions, and investor confidence has contributed to the rise.

Brazil, the United Kingdom (particularly London), and Poland were top CRE investment targets in 2010. Brazil was favored for its economic growth and burgeoning middle class, as well as infrastructure improvements in anticipation of the 2014 FIFA World Cup and 2016 Olympics. The U.K.'s weak pound and price optimism attracted investors. And Poland, the largest economy in central Europe, lured funds with its growing tourism industry and increased infrastructure needs.

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