Large Asian economies have continued to grow through one of the worst global recessions; nonetheless office markets will take time to absorb the supply coming on stream given the weaker rate of tenant demand.
For more insight, LISTEN to Megan Walters' podcast.
The best that can be said about the current environment is that it won’t get any worse, and is more likely to show improvement sometime in late 2009. For the Americas’ real estate markets, which tend to lag economic performance, this means a recovery is likely in 2010.
For more insight, LISTEN to Ken McCarthy’s podcast.