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Jones Lang LaSalle: Global Office Outlook March 2011

The BRIC and E7 nations, as well as Hong Kong, Singapore, and Poland, currently have the highest-growth commercial real estate markets in the world, Jones Lang LaSalle says.

3/25/2011
According to Jones Lang LaSalle's March 2011 Global Office Outlook, areas of high growth are emerging across the world. The BRIC and E7 nations (which include Brazil, Russia, India, China, Indonesia, Mexico, and Turkey), as well as Hong Kong, Singapore, and Poland all represent the highest-growth areas for commercial real estate.

"Despite some obvious risks, the global economic outlook remains positive," said Ben Breslau, managing director of Jones Lang LaSalle Americas Research. "Coming off the heels of a robust 2010, economic growth is expected to accelerate further in the later half of 2011 and into 2012, but the strength of the recovery and expansion remains remarkably uneven geographically. Expect office market demand and the potential for rent growth to mirror the uneven economic outlook, with leverage ranging from landlord-favorable in trophy CBD assets in coastal gateway markets to tenant-favorable in many non-core and suburban locations."

JLL expects corporate occupiers to focus on adding market moves in 2011 as a result of anticipated staffing increases. This arises from the need to access new employees and to make workplaces more productive.

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