Manage episode 361935958 series 3180111
Worldwide, commercial real estate activity is still struggling for momentum, but the first signs of a turnaround can be seen in select areas. According to the first quarter Global Commercial Property Monitor released by The Royal Institution of Chartered Surveyors in London, only 54 percent of the survey respondents globally view their real estate market as being in a downturn, compared to 62 percent in the previous quarter. Tarrant Parsons, senior economist with RICS, told Commercial Property Executive Senior Editor Laura Calugar that the latest set of results show that both investors and occupiers across the world are still relatively cautious. Tune in to hear all about the mixed picture and contrasting views of the real estate market around the world!