CPN - September 2008 - (Page 27) INDUSTRY PULSE INTERNATIONAL GLOBAL SNAPSHOT Moderate Moves Rental-rate growth is slowing in the United States, Canada and most of Western Europe and Asia-Pacific, as those markets approach the top of the rental cycle. All areas witnessed stable prime rents for the second quarter of 2008, and the rental outlook is flat. Tokyo, London and Beijing are further along in the cycle; their rental values, now past the peak and starting to decline, will continue to fall slightly. The outlook for Latin American and Central and Eastern European rental-rate growth is moderate for the remainder of the year. Note: This diagram illustrates where Jones Lang LaSalle Inc. estimates each prime office market to be within its individual rental cycle as of the end of June 2008. Markets can move around the clock at different speeds and in different directions. The diagram is a convenient method of comparing the relative position of markets in their rental cycle. The positions refer to prime face rental values and are not necessarily representative of investment or development market prospects. Source: Jones Lang LaSalle Inc. • www.joneslanglasalle.com Paris Mumbai Chicago, Toronto Sydney, Bangalore, Frankfurt, New York City (Midtown) Mexico City Rental growth slowing Rents falling Hong Kong Beijing London, Tokyo Rental growth accelerating Rents bottoming out NEW! COMMERCIAL REAL ESTATE LOAN PROGRAM! • No Prepayment Penalty Available • Highly Competitive Rates and Terms • 30-day Closing • $500,000 to $5,000,000 Loan Balance • Interest Only Option Available SMARTER MONEY™ YO U R L OA N I S S O I M P O R TA N T T O U S. B E CAU S E I T’S S O I M P O R T A N T T O Y O U. Westchester Plaza Multifamily Complex 698 Units Mount Vernon, NY William Street Commercial Building 474,349 Square Feet New York, NY $53,200,000 Sherman Way Reseda, CA Multifamily Property 172 Units $24,500,000 Walnut Street Philadelphia, PA Office Building 125,000 Square Feet $12,500,000 $9,000,000 CHRISTINA LAREZ – 310.614.1133 clarez@securitypacificbank.com STAN BLITSTEIN – 818.836.2501 sblitstein@securitypacificbank.com * rates subject to change It’s taken care of. For loans from $500,000 to over $500 million,visit us at www.meridiancapital.com or call 212-972-3600 FDIC New York 212-972-3600 • New Jersey 732-301-3200 • Pennsylvania 215-227-7700 • Maryland 301-652-6000 Florida 561-367-0005 • Illinois 773-439-1200 • California 310-867-2300 • Texas 972-385-7940 www.cpnonline.com • September 2008 • COMMERCIAL PROPERTY NEWS 27 http://www.joneslanglasalle.com http://www.securitypacificbank.com http://www.meridiancapital.com http://www.meridiancapital.com http://www.cpnonline.com
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.