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A report from Cushman & Wakefield showed that the current commercial real estate market may be on track for improvement across the world.
Much of the optimism comes from the fact that office leasing has increased markedly over the past year, according to the report. This activity has trumped the thought that slower growth would mean less activity.
"While we have been in the midst of challenging economic times, there is now a growing sense of constrained optimism, and we anticipate the global economy to strengthen during the second half of 2012," said Glenn Rufrano, president and CEO of Cushman & Wakefield.
Specifically, the Americas region is expected to have a much stronger 2012 than the previous year, the report said. Debt issues in both Europe and the United States tempered progress last year, but that should not stop growth this time around.
The report added that the commercial real estate market in Europe may still continue to be slow during the first half of 2011. However, this may not be completely negative, as by the end of 2012, positive growth is still expected. This is mainly due to continued demand and falling inflation levels.
