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CoreNet Gobal’s Singapore Summit in end Mar
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More than 400 senior-level executives from the corporate and commercial real estate (CRE) industry around Asia will gather in Singapore on March 23 - 25, 2010 to examine various trends and contradictions that impacted the global economy in 2009.
One such paradox is the likelihood, that in 2010, lease pricing in commercial markets in Asia will rebound to the extent that it will no longer be a corporate tenants´ market.
Real estate markets continue to change rapidly across the Asia region, according to Jeremy Sheldon, managing director of Jones Lang LaSalle´s Markets team in Asia Pacific. "In 2009, the global financial crisis put tenants at an advantage as no major city in Asia Pacific escaped its impact - the downward pressure on rents and hikes in vacancy – albeit to differing degrees. Now, as many countries move just as quickly from the downturn to a more balanced environment, some are already shifting back towards a more landlord favourable situation," he said.
Real estate markets continue to change rapidly across the Asia region, according to Jeremy Sheldon, managing director of Jones Lang LaSalle´s Markets team in Asia Pacific. "In 2009, the global financial crisis put tenants at an advantage as no major city in Asia Pacific escaped its impact - the downward pressure on rents and hikes in vacancy – albeit to differing degrees. Now, as many countries move just as quickly from the downturn to a more balanced environment, some are already shifting back towards a more landlord favourable situation," he said.
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