Markbericht Asien Jan08

2007 was another fruitful year for the Asian economies and real estate markets. Led by the robust growth in China and India, Asia’s economy expanded by about 8.5% in 2007, slightly higher than the preceding year.

Executive Summary

• Asia’s economy expanded by a healthy 8.5% last year. Rising oil prices and material costs bumped the inflation rate up 130 basis points to 5.3% in 2007.
• Strong demand and limited supply kept vacancies at bay in the region’s grade-A office markets. Rising rents in CBD areas have prompted some cost-conscious tenants to relocate outside these central districts.
• The retail market continued to favor landlords in 2007, as domestic consumption and tourism encouraged retailers to expand their businesses.
• Another year of strong exports kept the region’s industrial market stable, while institutional investors and REITs continued to snatch up industrial properties, especially logistics assets.

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  Asian Quarterly Outlook January 2008Pra_AsianQ_Jan_08.pdf201 Kb