Cushman & Wakefield reports predict real estate recoveries in three regions.(INDUSTRY NEWS & NOTES)

Cushman & Wakefield, AMO[R], recently released three reports that suggest the United States, Europe and Asia are experiencing similar short-term challenges that will likely affect commercial real estate occupancy levels and property values through 2009. The reports identify financial crisis as a root cause. However, each world region's real estate market is expected to weather the challenges based on local business conditions and property fundamentals.

The reports predict that the national vacancy rate in the United States is expected to rise before peaking early in 2010. An economic recovery is expected by mid-2009, fueled by a return to gross domestic product (GDP) and employment growth.

In every European country, economic activity is falling, affecting the demand for commercial space, the reports say. However, in the more mature European markets the expected slowdown in occupancy will be demand rather than supply driven, which foreshadows a more rapid recovery in the future.

The reports also conclude that many parts of Asia show resilience in commercial property sales despite recent drops in sale values. Asia is well positioned to benefit from renewed investment demand, according to Cushman & Wakefield.

TO READ THE REPORTS VISIT

WWW.CUSHWAKE.COM/CWGLOBAL

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