The following Briefing Points were summarized by CBRE Global Research & Consulting. The rest of the report can be downloaded by clicking here.

  • 2010 was an inflection year, with most global regions experiencing stabilizing vacancy rates
  • While markets continue to improve, activity in most regions has not reached pre-recession highs
  • Regional disparities continue with emerging markets, particularly Asia ex-Japan, exhibiting stronger growth and more robust real estate demand
  • Construction activity is also higher in the Asia region, which accounts for approximately 57% of the total office space completed in 2010
  • The recovery in the investment market is leading the recovery in leasing activity, with capital values showing signs of stabilization, and even growth, in some regions
  • Stronger demand must continue for a return to rental growth—at the current pace we expect office rental growth to resume in 2012

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