{"id":1004659611,"date":"2023-04-28T05:56:52","date_gmt":"2023-04-28T13:56:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004659611"},"modified":"2025-03-14T03:55:42","modified_gmt":"2025-03-14T11:55:42","slug":"cre-markets-across-the-globe-are-a-mixed-bag","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cre-markets-across-the-globe-are-a-mixed-bag\/","title":{"rendered":"RICS Monitor: CRE Markets Across the Globe Are a Mixed Bag"},"content":{"rendered":"<p><iframe allow=\"autoplay *; encrypted-media *; fullscreen *; clipboard-write\" style=\"width:100%;overflow:hidden;border-radius:10px;\" sandbox=\"allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation\" src=\"https:\/\/embed.podcasts.apple.com\/ro\/podcast\/rics-monitor-cre-markets-across-the-globe-are-a-mixed-bag\/id1552202952?i=1000611023826\" height=\"175\" frameborder=\"0\"><\/iframe><\/p>\n<div id=\"attachment_1004527994\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004527994\" data-attachment-id=\"1004527994\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/global-economy-keeps-improving-but-momentum-is-slowing\/tarrant-parsons-1-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexander Caminada&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Tarrant Parsons. RICS. London. United Kingdom.&quot;,&quot;created_timestamp&quot;:&quot;1548685400&quot;,&quot;copyright&quot;:&quot;Copyright Alexander Caminada 2019&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Tarrant Parsons. RICS. London. United Kingdom.&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tarrant-Parsons-1-1\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Tarrant Parsons, Senior Economist, RICS. Image courtesy of RICS&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg?w=800\" class=\"size-medium wp-image-1004527994\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004527994\" class=\"wp-caption-text\">Tarrant Parsons, Senior Economist, RICS. <em>Image courtesy of RICS<\/em><\/p><\/div>\n<p>Worldwide, <a href=\"https:\/\/www.commercialsearch.com\/news\/scarcer-debt-for-cre-under-scrutiny\/\">commercial real estate activity<\/a> is still struggling for momentum, but the first signs of a turnaround can be seen in select regions. According to the <a href=\"https:\/\/www.rics.org\/news-insights\/market-surveys\/global-commercial-property-monitors\" target=\"_blank\" rel=\"noopener\">first quarter Global Commercial Property Monitor<\/a> released by The <strong>Royal Institution of Chartered Surveyors<\/strong> 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.<\/p>\n<p>Tarrant Parsons, senior economist with RICS, told <em>Commercial Property Executive<\/em> Senior Editor Laura Calugar that the latest set of results show that both investors and occupiers across the world are still relatively cautious, despite the tentative signs of improvement in some economies.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/retail-real-estate-shows-broad-resilience-cbre\/\">Retail Real Estate Shows Broad Resilience<\/a><\/p>\n<hr>\n<p>The Middle East and Africa region continues to perform relatively strong, driven by Saudi Arabia and the UAE. APAC, however, is where the most substantial improvement can be seen, due to sentiment picking up significantly in mainland China and Hong Kong. Nevertheless, there are two parts in this region that seem to be moving in the other direction: Australia and New Zealand, which have seen a drop in investor activity. That is more in line with what is happening in Europe, where the more mature markets are still struggling. The U.S. is one of the high-profile markets where real estate sentiment has moved further into negative territory over the past quarter, driven by concerns over the <a href=\"https:\/\/www.commercialsearch.com\/news\/scarcer-debt-for-cre-under-scrutiny\/\">banking sector<\/a>.<\/p>\n<p>Press play to hear all about the contrasting views of the real estate market around the world! Here&#8217;s a sample of the topics discussed in this podcast episode:<\/p>\n<ul>\n<li>the general tone across the latest survey (0:50)<\/li>\n<li>how respondents view the credit climate (3:20)<\/li>\n<li>why China stands out (5:15)<\/li>\n<li>sector trends (6:27)<\/li>\n<li>forward-looking indicators for rents and capital values (7:59)<\/li>\n<li>investment and occupier sentiment across Europe (9:20)<\/li>\n<li>the more upbeat mood coming from the Middle East and Africa (10:36)<\/li>\n<li>positive trends also visible in APAC (11:42)<\/li>\n<li>the North America market (13:05)<\/li>\n<li>expectations for the global economy at the end of the year\u2019s first half (14:12)<\/li>\n<\/ul>\n<p><em>Don\u2019t forget to follow CPE\u2019s podcasts on&nbsp;<a href=\"https:\/\/open.spotify.com\/show\/192KwbDpOsZbF3dBXfaDkS\" target=\"_blank\" rel=\"noopener\">Spotify<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/podcasts.apple.com\/ro\/podcast\/commercial-property-executive\/id1552202952\" target=\"_blank\" rel=\"noopener\">Apple Podcasts<\/a>!&nbsp;&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Though sentiment turned slightly less negative in the past quarter, activity is still at a low ebb. Economist Tarrant Parsons weighs in.<\/p>\n","protected":false},"author":238,"featured_media":1004527994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21783,23891,21795],"tags":[33936,52575,43061],"class_list":["post-1004659611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-investment","category-national","category-podcasts","tag-rics","tag-rics-monitor","tag-tarrant-parsons"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CRE Markets Across the Globe Are a Mixed Bag - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Sentiment turned slightly less negative this year, but global CRE activity is still at a low ebb. 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