| Time for a collective awwwwww. Like March coming in like a lion and out like a lamb, the real estate forecast is improving and sunny. And it's the mirror image of 2011, according to a new Cushman & Wakefield report. That means our sluggish beginning will give way to improvements the latter half of the year. The main economic and market drivers: continuing strength in Asia from local demand growth, steady growth in the Americas, and weakness in Europe, as sovereign debt issues continue. Some trends to watch for: The timing of the stronger second half, which will vary by region; the need to move toward debt issue resolution in Europe and the US;deleveraging that will lead to opportunities for investors and occupiers; declining vacancy and rising rents (pace varying by region, but the greatest in North America); and more active investment markets—a 7.5% increase in global investment sales over 2011 is anticipated, with $867B in deals. |
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