Regina will lead the country in a healthy growth in 2012 at about 3.4%, maintaining its position as one of Canada’s top performers. The office market has had one of the lowest vacancy rate in Canada. The office vacancy rate is currently 1.63%, and is made up on a number of smaller spaces. New office developments will have an impact on the Regina office market coming over 2012 and 2013.
MIPIM is the world’s largest business platform for real estate professionals to network, buy, sell, finance and learn. The event attracts top property developers, consultants, business brokers and real estate companies from around the world. Over 19,000 real estate professionals from 90 countries including 4,200 investors and representing 6,000+ companies attend MIPIM.
NAI Global always has a strong presence at MIPIM and 2012 was no different. NAI members from throughout the EMEA region, along with other international markets, attend the event to network with other professionals and share their market insight. NAI Global’s CEO, Jeffrey Finn, was able to interview several executives from NAI member firms throughout the EMEA region and understand what 2012 holds for their respective markets.
Russia, Germany, Sweden and Norway represent the markets discussed in the below videos.
“Greece will default on its debt. The only questions are when, how and who will be left holding the bag?” says NAI Global Chief Economist Dr. Peter Linneman.
In his newest white paper, “European Debt Crisis” NAI Global Chief Economist, Dr. Peter Linneman, summarizes the origins of the European sovereign debt crises that have dominated the global financial headlines and analyzes the current status of debt in Greece, Portugal, Italy, Ireland and Spain in addition to assessing the impact that default will have on the European economy.
The white paper examines strategies to minimize the impact from a Greek default on other European countries, the possibility of default in other Euro Zone countries and presents possible real estate investment opportunities that may arise as a result of distress in the European banking sector.
by George Anderson, NAI Global Vice President Market Analytics
Retail growth in the U.S. is largely focused on small to mid-sized companies. Larger and more established retailers have made the jump into the international market place to supplement their expansion plans. However, the small and mid-sized retailers are an aggressively growing market niche that warrants real estate attention and solutions. More >
Since the beginning of 2011, there has been a torrid level of M&A activity in the commercial real estate services industry. Recently announced deals include CBRE’s acquisition of the ING Real Estate fund management business; the sale of Newmark to financial derivatives house BGC; Colony Capital’s loan and exclusive look period with Grubb & Ellis; the recapitalization of DTZ by investment group SGP and the possible follow on merger with BNP Real Estate; and the hotly rumored takeover of King Sturge by JLL. And that is just on the services side. On the information side, Argus is selling to Altus and Costar is acquiring Loopnet. More >
Generations that have never witnessed inflation will experience its destructive power, says NAI Global Chief Economist Dr. Peter Linneman
In his latest white paper, NAI Global Chief Economist Dr. Peter Linneman questions how it is possible not to have inflation in the U.S. economy when healthcare and commodities prices are rapidly increasing and Federal and State governments are running record deficits. Dr. Linneman examines the impact of CPI increases, the Federal Reserve’s monetary policy, government deficits and other factors that will lead to massive inflation in the US economy.
The white paper analyzes the impact that inflation will have on commercial real estate, forecasts the direction of interest rates and provides investment and financing strategies for property owners seeking to shield themselves from inflation’s destructive power.
To download the publication, please click here
Canadian real estate developers and investors have always participated in the U.S. real estate market. Generally, though it has being either the very largest developers like Brookfield Properties’ investments in New York or Brookfield Asset Management’s large investment in General Growth Properties. Or it’s the more entrepreneurial investor targeting the border cities like Seattle and Buffalo or the snowbirds looking for residential real estate in Arizona and Florida. But that has changed during 2010!
Ownership of commercial real estate in Canada is concentrated with the large pension funds, REITs and large domestic corporate investors. Our best assets remain in strong financial hands and do not readily trade. A relatively small commercial real estate sector with this type of concentration leads to a product starved environment for Class A assets. So large pools of capital have always looked outside Canada for high quality real estate opportunities. More >
The Canadian economy, led by exports and a strong commodity cycle, performed well through 2010. Anchored by a stable banking sector, the Canadian economy out-performed most other economies in the developed world. GDP growth is expected to be 3% for 2010. But the overall economy faces headwinds going forward. In particular, a weak U.S. dollar has driven the Canadian dollar towards parity, slowing our trade with our largest trading partner. And an already slow recovery in the U.S. will keep a lid on Canadian growth prospects for 2011. The result is a slower growth of GDP, now forecast at 2.3% for 2011. More >