CBRE released a study today, showing that top tier retail areas in New York have held value, with Fifth Avenue’s rents increasing significantly. The new study lists the top shopping destinations on the planet, as well as the most valuable office space markets, and Hong Kong tops both categories.
“In simplest terms, globally the retail Read More
Week In Review
Newark, N.J.-based Prudential Mortgage Capital Company’s European business arm has completed its first piece of financing since launching in January 2012. The company said Monday that it had provided a $108 million commercial real estate loan secured by a portfolio of four Central London office properties and grocery-anchored retail in the town of Bath, which is just over 100 miles west of London.
New York City attracts more commercial property investment than anywhere else in the world, a report from Cushman & Wakefield released last week revealed. Gotham beat out London as the hottest investment hub, an honor it has not held since 2007.
The ranking of the five most expensive markets for office space—London, Hong Kong, Tokyo, Mumbai and Moscow—remained unchanged over the last year, according to CB Richard Ellis’ semi-annual survey. Office occupancy costs are down 1.3 percent year-over-year in the 175 biggest markets.
The most expensive office market in the world remain’s London’s West End, where Read More