From CBRE: Across the board increases, but capital values lead again
- Global capital and rental values for all property types grew during Q4 2014 amid improving occupier demand, ample global liquidity and strong investor appetite for property investment.
- Office capital values continued to grow at a faster clip than rental values, with the strongest growth occurring in EMEA, where improving economic sentiment has led to increased investor interest.
- In the industrial sector, the Americas drove global growth, leading rental and capital value growth by some margin over Asia Pacific and EMEA. This is largely due to the relative strength of the U.S. economy.
- Retail rents gained momentum in the Americas during Q4 2014, but were flat in EMEA and down slightly in Asia Pacific. Meanwhile, retail capital values in all three regions were up quarter-over quarter and have surpassed previous cyclical peaks.
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