The global commercial real estate community has come alive. It's bouncing back. And it looks like our decision to extend Remington's international presence beyond our existing regional offices in the U.S., Mexico and Australia couldn't have come at a better time.
As a company, Remington has always viewed commercial real estate as a global asset class - a view that holds a lot more promise today than it did a year ago. Since the first of the year, global direct CRE investment is up 45% compared to the same period in 2009, with volumes expected to reach $290 billion by yearend. And the outlook for 2011 looks even brighter, experts say.
Regionally, here's how the global resurgence in direct CRE investment looks:
- U.S. transactions are expected to approach $90 billion by the end of the year. That's 90% higher than in 2009.
- In Brazil, the most compelling growth market in South America, volumes more than tripled during the first nine months of 2010;
- Volume in the Asia Pacific region should reach $77 billion this year, about 15% to 25% higher than a year ago; and
- In Europe, the Middle East and Africa, year-to-year gains in investment volumes are expected to be about 30% better last year.
Emerging markets like Latin America, India, and China, as well as commodity rich economies like Canada and Russia represent potentially enormous opportunities for commercial real estate investment, expert say. Globalization of commercial real estate also offers significant opportunities for borrowers with access to international capital, with its more appealing rates and terms, through Remington, which has cultivated relationships with hundreds of lenders and investors worldwide.
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