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Research | Jan 31, 2023
Commercial real estate investment in Asia Pacific declined by 27 percent year-on-year as a tightening interest rate cycle and global macroeconomic uncertainties influenced decision-making. According to JLL, direct investment in Asia Pacific commercial real estate totalled $129 billion for the full-year 2022, in line with the firm’s projections.
CenterSquare, alongside joint venture partner Boomerang Interests, executed a long-term lease with Lineage Logistics for Houston ColdPort, a 315,111-square-foot temperature-controlled logistics facility in Texas, in the third quarter of 2022.
The coming months are likely to place private renters under unprecedented levels of stress. The average rent is predicted to rise to a level equivalent to 62 percent of the average renting household's post-tax income in the United Kingdom, according to Hamp tons. Unsurprisingly, value for money is fast becoming a predominant concern.