Americas ResearchAll the latest property research from the USA, Canada and South America.
Data centre downtime can potentially cost millions in lost revenue and compensation; it can even threaten the livelihood of a business by causing irreparable damage to its reputation.
Sales activity in 2011 remained strong as the number of closed transactions increased by 33% over the volume in 2010.
“On average, global occupancy costs per workstation showed no change in 2010. But, this masks significant regional differences, driven by the two-speed economic recovery. Whilst costs rebounded by 10-15% in Central and South America and Asia Pacific, occupiers in the vast majority of EMEA and North American markets realised savings of 5% during 2010.
"At the start of 2009, nearly every global office market was in the midst of a period of weak occupier demand, falling rents and rising vacancy rates. As the year progressed, however, there was a divergence in the fortunes of the major global markets, as some showed early signs of recovery, while others continued to suffer. By the end of the year, prime office rents had begun to move upwards in Hong Kong, stabilised in the West End of London, and continued on a downward trend in ...
"After the synchronized worldwide slowdown, global economies are making good progress towards recovery with economic statistics confirming that the United States and Japan pulled themselves out of recession in the third quarter of the year. While the recovery trend is established in the majority of the G20 countries, a few nations, including the UK and Spain, are lagging behind, recording further economic contraction over the third quarter."
Global investment rose 14% in 2011 to US$727bn (US$808bn including multifamily) and volumes are now 83% up on their 2009 lows.
Today, there is a prevalent concern that governments no longer have the tools, balance sheets, or gumption necessary to further stimulate their economies or to impact markets in a meaningful way.
The second quarter was marked by dynamic changes throughout the property markets. Transaction activity slowed in Asia Pacific and not entirely due to governmental curbs instituted by China.
"Despite being hit hard and early by the global financial meltdown London has been one of the first to bounce back, CB Richard Ellis’s analysis of office markets in international financial centre says. The report looks examines the effects of the recession on different financial centres, and focuses on Tokyo, Hong Kong, New York and London."
"During the past 18 months, property owners have faced the most challenging economic environment in their lifetimes. The current U.S. recession is now officially the nation’s longest and deepest of the entire post-World War II era. The good news is that the rate of decline moderated during Q2-09, and the U.S. economy appears to be poised for recovery beginning in Q3 or Q4."