Capital values steady in the Americas: report

TRD New York /
Jun.June 06, 2011 11:07 AM

Capital values have increased in the Americas and globally, according to CB Richard Ellis’ new Global Market View report covering the first quarter of 2011, released today. The CBRE Global Office Capital Value index increased 12 percent year-over-year in the first quarter of 2011 with values in the Americas’ major markets such as New York, Washington, DC, and San Francisco mainly on the rise.

In the first quarter alone, commercial mortgage-backed securities issuance for the Americas almost reached the level recorded for the entirety of 2010. While the majority of transactions occurring are domestic, cross-border transactions in the region in the first quarter show strong growth, with a 50.3 percent year-over-year increase, the vast majority taking place in the United States.

However, interest rates in the Americas remain abnormally low and employment levels remain a major cause for concern, meaning recovery is still fragile, the report says.

“Our report finds that rising global capital values are continuing to be led by the strong recovery in values in the Asia Pacific region, an expectation for improved property fundamentals in the Americas and moderate positive change in the European markets,” said Raymond Torto, CBRE’s chief economist. TRD


Related Articles

arrow_forward_ios
MetLife Building and Matt Van Buren, CBRE’s tri-state president (Getty, CBRE)

CBRE closes 2 offices, expands presence at MetLife HQ

CBRE closes 2 offices, expands presence at MetLife HQ
Clockwise:  CBRE's Michael Remer, Richard Hodos and Joel Stephen with the Wizarding World Building at 935 Broadway (Images via CBRE)

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal
(iStock)

Look out below: Major real estate services firms brace for falling earnings

Look out below: Major real estate services firms brace for falling earnings
Brookfield Property Partners' Brian Kingston, Silverstein Properties' Larry Silverstein and Empire State Realty Trust's Anthony Malkin (Getty)

Real estate firms lead cautious return to NYC offices

Real estate firms lead cautious return to NYC offices
Hana CEO Andrew Kupiec, The Real Deal's Hiten Samtani and Hana's EVP of Occupier Solutions Georgia Collins

The REInterview: How flex space could upend supply-demand dynamics in the office market

The REInterview: How flex space could upend supply-demand dynamics in the office market
Matthew James (Credit: ABC)

First black “Bachelor” for ABC comes from real estate world

First black “Bachelor” for ABC comes from real estate world
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Director of Research & Analytics for CBRE Tri-State Nicole LaRusso, Vice Chairman & Director at Savills David Goldstein, and President of Newmark Knight Frank's Tri-State region David Falk

“For years we all laughed at them”: office brokers warm to virtual tours

“For years we all laughed at them”: office brokers warm to virtual tours
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...