Global Market Perspective

Worldwide > Global Market Perspective - November 2009

Overview

Global Economy

Global Property

Outlook

2010: Prelude to recovery

Tuning in to the sounds of recovery takes a discerning ear. A number of themes are playing out across the world’s markets. Tempos will vary and keys will change, making the Symphony of 2010 interesting - but uneven. Those seeking an immediately recognisable melody may be disappointed, but the complicated score will ultimately reward the patient listener.

In this month's Global Market Perspective:

The stage is set - a look at global economic indicators

The performance begins - the global property overview, featuring the CMBS debate, banks’ property exposure and a look at the industrial sector

Seeking harmony in 2010 - our outlook for the coming year

Global Market Perspective - overview

Highlights

• Global property market recovery
begins in 2010 More

• Attention shifts from CMBS to banks
More

• Investors and occupiers seek
  transaction value More

• Corporate occupiers eye
opportunities as mindset shifts More

• Industrial markets move through the
cycle More

• Rhythm of recovery in 2010 More

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Colin Dyer, President and Chief Executive Officer

"Welcome to the Jones Lang LaSalle Global Market Perspective, our view on the impact of economic forces on property markets worldwide.

We hope you find this valuable in our ever changing world. Please contact us with your own views and opinions.

This is the last issue of the Global Market Perspective for 2009. The publication will return in January 2010 with fresh insights and outlooks. "

Colin Dyer
President and
Chief Executive Officer

October survey highlights
We asked you to share your opinion about the state of the market in your part of the world. Some highlights from the responses received:

Availability of credit was identified as the biggest issue facing commercial real estate in the Americas, while respondents in Asia and EMEA said it was occupier demand

Respondents in the Americas ranked private equity investors as the most likely active buyers in 2010, while in Asia and EMEA high-net-worth investors received the highest average rank

Next year, higher levels of pricing distress (across all commercial property asset types) are anticipated in the Americas than in other regions