Real Capital Analytics, Inc. News
Real Capital Analytics Reports Global Property Sales Top $1 Trillion in 2007
NEW YORK,
"The size of the commercial property marketplace is much larger than previous estimates," said Robert M. White, founder and president of RCA. "Our research has documented more than
The report also identifies 114 cities that recorded more than
— Of the 114 cities that recorded more than $1 billion of commercial property sales, 48 are in North America, 35 are in Europe and 21 are in Asia. — Office space was the most active property type, representing 32 percent of total sales, or $434 billion. Nearly 1.2 billion square feet (112 million square meters) of property changed hands last year, equivalent to all of London, Tokyo and New York City combined. — Commercial property sales volumes in Asia could surpass those in either Europe or the Americas in 2008. — The risk premium for property ranges from 20 to 350 bps. U.K. and Hong Kong were considered the least risky investment locations with capitalization rates averaging just above comparable government bonds in 2007. — Half of all land acquired by developers around the world last year was located in China with $50 billion in acquisitions, double the U.S., the next most active country. — Corporate users capitalized on investor demand for property globally with $88 billion worth of asset sales including $56 billion of sale- leaseback transactions, a form of corporate finance.
"Some of the findings of this report are fascinating and the industry will really benefit from this new level of transparency", said
The sales tracked in Global Capital Trends include office, industrial, retail, apartment and hotel properties as well as developable land for them. RCA also notes the availability and reliability of property sales information varies greatly by country and even within certain countries.
RCA is the first independent research firm to report on the global property markets. The data is based on RCA's global transactional database which is available to subscribers. RCA's data is widely used throughout the capital markets in the U.S. and is now available globally.
A copy of the inaugural issue of Global Capital Trends is available at www.rcanalytics.com
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About Real Capital Analytics, Inc.
Real Capital Analytics, Inc. (RCA) is an independent research firm focused exclusively on the capital investment markets for commercial real estate. RCA offers the most in-depth, comprehensive and current information of transactional activity and capital flows in the industry. Formed in 2000, RCA has offices in
SOURCE Real Capital Analytics, Inc.
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