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Outlook Gloomy For Commercial Rents Across The World

Nuwire Investor
Outlook Gloomy For Commercial Rents Across The World - Gloomy - Commercial Rents - real estate investor - Hong Kong - UK - US


Global commercial rents have fallen dramatically around the world, and the future looks grim for commercial real estate investors. While the markets in Hong Kong and UK are showing signs of improvement, other markets like the US are facing continued declining rents. For more on this see this article from Property Wire.



Discounts and incentives are proving to be insufficient in boosting commercial property rents around the world, according to a new survey.

Across the globe rents are plummeting and the outlook is pessimistic despite some economic improvement and a slowing in the pace of decline in capital values, says the Global Property Survey from the Royal Institution of Chartered Surveyors.

Indeed the report records the sharpest decline in global commercial property rents in the survey's five year history. Singapore, Ukraine, Spain and Ireland are the worst affected while Hong Kong is the only market showing signs of improvement.

Surveyor sentiment in Spain and Ireland remained depressed with 97% in both countries reporting a fall than a rise in rents. Surveyors in Singapore and the Ukraine were unanimous that rents have fallen with the net balances in both countries reaching 100%.

Source



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