Listen to Ken McCarthy, Managing Director, US Research Services discuss the report.
The global recession had disparate and unexpected impacts across the Americas. Many cities were severely impacted, especially those with high concentrations of jobs in the manufacturing and housing sectors. Still, there were lots of positive surprises.
According to our 2010 International Investment Atlas, which monitors investment flows in commercial property in 56 countries, global investment volumes are forecast to rise 30% this year, hitting $478bn (€362bn), led by a reviving US market. This latest report suggests that this figure is likely to be even higher if the economic recovery remains on track. In 2009, global investment volumes fell 23% to $365bn (€270bn), their lowest since 2003. However as markets started to recover and global liquidity improved, investment volumes ended the year on a much stronger note – rising 104% between the first and second halves of the year.
Download the International Investment Atlas Summary
A mix of relatively attractive pricing, improving confidence, low interest rates, along with the search for productivity gains or new market-share should lead to opportunities for focused and well-funded businesses. For occupiers and investors, 2010 should see greater confidence leading to more activity.
By David Hutchings, Partner, Head of the European Research Group