Rents continue to recover. Global Office Index Q2 2014

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Rents continue to recover. Global Office Index Q2 2014"

Transcription

1 Rents continue to recover Global Office Index Q2 2014

2 2 Global Office Index, Q JLL Global Office Index Q Rents continue to recover Steady improvement in both leasing activity and corporate sentiment is supporting a moderate uplift in prime office rents. The JLL Global Office Index, which tracks the performance of prime office space in 95 major markets, reveals that rents grew by 2.2% in the year to Q2 2014, representing the strongest annual growth for two years. Nearly 60% of markets have recorded rental uplifts over the past year. Momentum is expected to continue to build during 2014 and 2015 as shortages of quality office space in the world s dominant office markets intensify. The recent uptick in new construction marks the start of a new development cycle, but it will not translate into deliverable space until late 2015 and 2016, leaving a period of months of Grade-A supply shortages and rental growth. Regional Overviews: The Americas Index grew by 0.8% in Q2 2014, easing slightly from 1.2% in Q1; however, a broad-based expansion continued across most U.S. markets. In Asia Pacific, quarterly rental growth was 0.9% and similar to Q1 with some encouraging signs in the occupier market, but large corporates still remain in cost-saving mode. Europe saw a quarterly rental increase of 0.4%, slower than the 1.1% rise recorded in Q1 2014, with growth led by just a few markets. The MENA Index was unchanged during the quarter; however, it was up by 3.5% year-on-year. Market Performance: Dublin again tops the global ranking with exceptional annual growth (+28.6%) driven by rapidly falling new supply and a rebound in demand. Other European and MENA markets among the top ranks include Lyon (+14.8% year-on-year), Dubai (+8.1%) and London (+7.7%). Other U.S. markets near the top of the rental growth league include Portland (+8.3%) Tampa (+7.9%) and Boston (+7.6%). In the Asia Pacific region, Singapore (+15.9% year-onyear) emerged as the region s top performer, followed by Taipei (+8.5%), Bangkok (+7.9%) and Jakarta (+7.4%). Mexico City (+11.1%) is Latin America s strongest rental market, but elsewhere in the region, burgeoning supply pipelines have pushed down rents in Sao Paulo (-11.3%) and Santiago (-2.4%) Weak net absorption in Australia contributed to Perth (-27.1%), Brisbane (-13.4%), Adelaide (-11.1%) and Canberra (-9.3%) all featuring among the weakest global performers. In Europe, Prague (-7.1%) and Milan (-6.3%) still show prime rental falls, but have now reached the bottom of their cycles, while Moscow s decline (-4.3%) reflects the impact of current political tensions, though conditions have recently stabilised. Demand is recovering in Paris, although rents were still lower year-on-year (-3.3%). The San Francisco Bay Area is again well-represented among the leading markets (on an annual basis) by Oakland-East Bay (+25.5%), San Francisco Peninsula (+13.7%) and San Francisco (+8.7%).

3 3 Global Office Index, Q Global Office Index Prime Rents, Rental Index (Q = 100) Q Q Asia Pacific Americas Europe GLOBAL Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Asia Pacific stock weighted average of 27 markets; Americas stock weighted average of 39 markets; Europe stock weighted average of 24 markets. Global Index based on GDP weighted average of the Asia Pacific, Americas, Europe and MENA indices. Source: JLL, August Steady rental growth in the Asia Pacific region In Asia Pacific, net effective rents grew in over half of markets in Q The Asia Pacific Office Index increased by 0.9% quarter-on-quarter, similar to 0.8% in Q1; however, it is still below the post-gfc average growth of 1.1%. Singapore continued to see the most robust quarterly rental growth (+4.6%) in the region, closely followed by Auckland (+4.4%), while growth improved in Beijing (+2.5%), as vacancy edged lower in all these locations. Growth remained steady (+2%) in Tokyo, while small rental uplifts were witnessed in Hong Kong, Shanghai and some emerging Southeast Asian markets (at around +1%). Growth in Europe led by a few markets In Europe, prime office rents increased in only 3 out of the 24 Index markets in Q2 with Dublin again leading (+7.1%), driven by the rebound in demand and a severe lack of quality supply. Munich rents (+3.2%) rose to their highest levels since the early 1990s, while Madrid saw its first uplift (+1%) since Q With occupier sentiment and economic activity improving, rental decreases have become the exception. However, there was a 2.5% decline in Prague due to high volumes of new supply. Prime rents elsewhere, including London, Paris and Moscow, remained unchanged. Rents in Jakarta fell in Q2 for the first time since Q (-0.4%) due to occupier caution, with business expansion put on hold before the election in July. In Australia, effective rents were largely stable in Sydney and Melbourne with healthy levels of activity, but they declined in other cities by up to 9% quarter-on-quarter (mainly on higher incentives) due to limited demand.

4 4 Global Office Index, Q Sustained momentum in the Americas The Americas Office Index grew by 0.8% in Q2 2014, slightly slowing from 1.2% in Q1; however, a broad-based expansion continued across most U.S. markets. Over the past year, the Americas Index has advanced by 3.2% and is now about 13% above the cyclical low reached in early of the 39 Index markets recorded positive rental growth in Q2. U.S. cities accounted for 7 of the top 10 quarterly performers in the region, including the tech-heavy Oakland- East Bay (+7%) and San Francisco (+5.3%), energy-focused Houston (+4.2%) and several Sunbelt cities including Tampa (+2.9%), Dallas and San Diego (both up 2.8%). Among the non-u.s. cities, Rio de Janeiro (+3.6%), Bogota (+2.5%) and Buenos Aires (+2.2%) registered the strongest quarterly uplifts. At the opposite end of the spectrum, leasing market conditions remain soft in several U.S. markets such as Detroit and Orlando (both down by 5.5%), while in Latin America a large supply pipeline pushed rents down in Sao Paulo (-2.5%) in Q MENA markets remain stable There was no change in prime rents in the major MENA markets during Q2 2014, but the MENA Office Index grew by 3.5% year-on-year. Dubai and Jeddah are in the early stages of their upturn, having recorded growth of 8.1% and 6.7% respectively over the year to Q2, while the other MENA markets have remained stable (Abu Dhabi) or recorded declines in prime rentals over the past year - Cairo (-12.5%) and Riyadh (-2.7%). Global Office Index Prime Rents, Quarterly Movements 4 2 Rental change (% q-o-q) Americas Europe Asia Pacific Middle East and North Africa Global Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q Source: JLL, August 2014

5 5 Global Office Index, Q Rental recovery to accelerate in 2015 In Asia Pacific, we are optimistic about a moderate improvement in 2014 leasing volumes as corporate confidence strengthens. Single-digit rental growth is anticipated this year and next (average growth of around 4% regionally, rising to over 5% in 2015). The biggest uplifts this year are forecast to take place in Singapore, followed by Tokyo, Beijing and Auckland, driven by low and falling vacancy. Rents in Jakarta are expected to be mostly flat due to occupier caution, but it is probable that Australia will continue to be the weakest market, with rental declines predicted for most of its CBDs over the short term. In Europe, prime rents on aggregate are forecast to increase further for the rest of 2014, given the low levels of quality space available in many markets. From 2015, expansionary demand should also support rental growth based on stronger economic and employment growth, although projections have been revised slightly downwards in recent weeks. Conditions will continue to vary across markets, with robust growth in London, Southern Europe and Dublin. In Central and Eastern Europe there will be further downward pressure in Warsaw, while Budapest and Prague are expected to bottom out and Moscow is likely to see stability following the correction in Q1. Regardless of economic factors, it is expected that a region-wide preference for quality space in good locations will widen the performance gap between quality space in well-connected areas and the rest. The recovery in prime office rents in the Americas should be maintained over the course of 2014, although the strongest annual growth yet in this cycle is likely to occur in early 2015 (4-5% range) and the Americas Office Index may surpass its prior peak recorded in 2008 by around mid Accelerating rental growth will be primarily driven by a broader U.S. expansion in terms of geographies and industry sectors as several Latin American markets are still adjusting to slower economic growth and/or significant development pipelines, and Canada is in the midst of a period of negative net absorption and rising vacancy rates. Prime rents are projected to increase across all major MENA markets (except Riyadh, which is facing a significant supply pipeline) over the next year, while rents in secondary locations or for older properties are likely to fall further in most markets given the expected supply levels. The prospects for rental growth in Cairo have been bolstered by the continued political transformation (with the election of a president with a strong reform mandate) which has resulted in renewed confidence in the real estate market.

6 6 Global Office Index, Q Top 10 Global Performers in Q Dublin Oakland-East Bay San Francisco Singapore Auckland Taipei Houston Rio de Janeiro Munich Wellington Americas Europe Asia Pacific MENA % change q-o-q Based on rents for Grade A space. In local currency. Source: JLL, August 2014 Technical Note The JLL Global Office Index is derived from the weighted average of the rental movements of JLL s European, Asia Pacific, Americas and Middle East and North African (MENA) Regional Indexes that cover 95 office markets in total. They are weighted by real GDP (US dollar basis) for each region from Oxford Economics. Weights are adjusted annually. The latest weights are 30% - Europe; 28% - Asia Pacific; 36% - Americas; 6% - MENA (percentages are rounded). The European Office Index is calculated from the change in headline face rents for the highest-quality space in the premier office sub-market in 24 European cities, weighted on the basis of the total office stock (all grades) in each city s overall market. The Asia Pacific Office Index is calculated from the change in average Grade A rents (net effective) in the main sub-market in 27 Asia Pacific cities, weighted on the basis of Grade A stock in the main sub-market of each city. The Americas Office Index is calculated from the change in average Class A rents (gross asking in North America, triple net in Latin America) in the CBD, Downtown, central areas or primary investment market of 39 Americas cities, weighted on the basis of Class A stock (DC city for Washington, DC; Hudson Waterfront for New Jersey; Palo Alto for Silicon Valley; Midtown for New York; Westside for Los Angeles; Greenwich Overall and Stamford CBD/Railroad for Fairfield County; South County for San Francisco Peninsula; overall Downtown market for Seattle; Tampa CBD-only for Tampa The MENA Index is calculated from the change in headline face rents for the highest-quality space in the premier office sub-market in five cities, weighted on the basis of the total office stock in each city s overall market.

7 7 Global Office Index, Q JLL Global Office Index Quarterly Rental Performance across 95 Cities Quarterly Change Q vs Q Global 0.7% Europe 0.4% Asia Pacific 0.9% Americas 0.8% MENA 0.0% 1 Dublin 7.1% 2 Oakland-East Bay 7.0% 3 San Francisco 5.3% 4 Singapore 4.6% 5 Auckland 4.4% 6 Taipei 4.3% 7 Houston 4.2% 8 Rio de Janeiro 3.6% 9 Munich 3.2% 10 Wellington 3.0% 11 Tampa 2.9% 12 Dallas 2.8% 12 San Diego 2.8% 14 Boston 2.6% 15 Bogota 2.5% 15 Beijing 2.5% 17 Buenos Aires 2.2% 18 Bangalore 2.1% 19 Tokyo 2.0% 20 Philadelphia 1.7% 20 Denver 1.7% 22 Manila 1.5% 22 Portland 1.5% 24 Bangkok 1.3% 24 Seattle 1.3% 26 Hong Kong 1.2% 27 Shanghai 1.1% 27 Austin 1.1% 29 Chennai 1.0% 29 Madrid 1.0% 31 New York 0.9% 32 Miami 0.8% 33 Los Angeles 0.6% 33 New Jersey 0.6% 33 Sydney 0.6% 36 Silicon Valley 0.5% 37 Kuala Lumpur 0.4% 37 Chicago 0.4% 39 San Francisco Peninsula 0.2% 39 St. Louis 0.2% 39 Seoul 0.2% 42 Osaka 0.1% 42 Atlanta 0.1% 42 Calgary 0.1% 45 Phoenix 0.0% 45 Amsterdam 0.0% 45 Barcelona 0.0% Quarterly Change Q vs Q Berlin 0.0% 45 Brussels 0.0% 45 Budapest 0.0% 45 Dusseldorf 0.0% 45 Edinburgh 0.0% 45 Frankfurt 0.0% 45 Hamburg 0.0% 45 London 0.0% 45 Luxembourg 0.0% 45 Lyon 0.0% 45 Milan 0.0% 45 Moscow 0.0% 45 Paris 0.0% 45 Rotterdam 0.0% 45 Stockholm 0.0% 45 The Hague 0.0% 45 Utrecht 0.0% 45 Warsaw 0.0% 45 Mumbai 0.0% 45 Delhi 0.0% 45 Toronto 0.0% 45 Mexico City 0.0% 45 Monterrey 0.0% 45 Dubai 0.0% 45 Abu Dhabi 0.0% 45 Jeddah 0.0% 45 Riyadh 0.0% 45 Cairo 0.0% 45 Ho Chi Minh City 0.0% 45 Santiago 0.0% 78 Melbourne -0.1% 78 Vancouver -0.1% 80 Charlotte -0.2% 81 Guangzhou -0.4% 81 Jakarta -0.4% 83 Fairfield County -0.5% 84 Washington, DC -1.1% 85 Baltimore -1.4% 85 Canberra -1.4% 87 Montreal -1.5% 88 Brisbane -1.6% 88 Hanoi -1.6% 90 Sao Paulo -2.5% 90 Prague -2.5% 92 Orlando -5.5% 92 Detroit -5.5% 94 Adelaide -6.8% 95 Perth -8.6%

8 8 Global Office Index, Q Annual Rental Performance across 95 Cities Annual Change Q vs Q Global 2.2% Europe 1.0% Asia Pacific 1.8% Americas 3.2% MENA 3.5% 1 Dublin 28.6% 2 Oakland-East Bay 25.5% 3 Singapore 15.9% 4 Lyon 14.8% 5 San Francisco Peninsula 13.7% 6 Mexico City 11.1% 7 San Francisco 8.7% 8 Taipei 8.5% 9 Portland 8.3% 10 Dubai 8.1% 11 Tampa 7.9% 11 Bangkok 7.9% 13 London 7.7% 14 Boston 7.6% 15 Jakarta 7.4% 16 Jeddah 6.7% 17 Houston 6.4% 18 San Diego 6.1% 19 Seattle 5.9% 20 Philadelphia 5.8% 21 Wellington 5.7% 22 Austin 5.6% 23 Auckland 5.5% 24 Manila 5.4% 24 Tokyo 5.4% 26 Munich 4.8% 27 Los Angeles 4.6% 28 Toronto 4.0% 29 Chicago 3.8% 30 Shanghai 3.7% 31 Dallas 3.6% 31 New York 3.6% 33 Kuala Lumpur 3.5% 34 Denver 3.2% 34 Bangalore 3.2% 36 Frankfurt 2.9% 37 Budapest 2.6% 38 Rotterdam 2.4% 39 Stockholm 2.3% 40 St. Louis 2.1% 40 Monterrey 2.1% 40 Rio de Janeiro 2.1% 43 Chennai 2.0% 43 Fairfield County 2.0% 43 Phoenix 2.0% 46 Silicon Valley 1.9% 46 Sydney 1.9% Annual Change Q vs Q Bogota 1.8% 49 Charlotte 1.7% 49 Edinburgh 1.7% 51 Miami 1.4% 52 Madrid 1.0% 53 Hong Kong 0.4% 53 Beijing 0.4% 55 Guangzhou 0.2% 56 Amsterdam 0.0% 56 Berlin 0.0% 56 Brussels 0.0% 56 Dusseldorf 0.0% 56 Hamburg 0.0% 56 Luxembourg 0.0% 56 Utrecht 0.0% 56 Warsaw 0.0% 56 Mumbai 0.0% 56 Ho Chi Minh City 0.0% 56 Delhi 0.0% 56 Abu Dhabi 0.0% 68 Montreal -0.1% 69 Buenos Aires -0.2% 70 Washington, DC -0.7% 70 Calgary -0.7% 72 New Jersey -1.3% 73 Barcelona -1.4% 74 Melbourne -1.7% 75 Osaka -1.9% 76 Seoul -2.3% 76 Vancouver -2.3% 78 Santiago -2.4% 78 Detroit -2.4% 78 The Hague -2.4% 81 Riyadh -2.7% 82 Orlando -3.1% 83 Paris -3.3% 84 Moscow -4.3% 85 Baltimore -4.5% 86 Atlanta -5.7% 87 Milan -6.3% 88 Prague -7.1% 89 Canberra -9.3% 90 Hanoi -11.0% 91 Adelaide -11.1% 92 Sao Paulo -11.3% 93 Cairo -12.5% 94 Brisbane -13.4% 95 Perth -27.1%

9 9 Global Office Index, Q About JLL JLL (NYSE:JLL) is a professional services and investment management firm offering specialised real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of US$4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed US$99 billion in sales, acquisitions and finance transactions in Its investment management business, LaSalle Investment Management, has US$48 billion of real estate assets under management. For further information, visit About JLL Research JLL s research team delivers intelligence, analysis and insight through market-leading reports and services that illuminate today s commercial real estate dynamics and identify tomorrow s challenges and opportunities. Our 350 professional researchers track and analyse economic and property trends, and forecast future conditions in over 70 countries, producing unrivalled local and global perspectives. Our research and expertise, fuelled by realtime information and innovative thinking around the world, creates a competitive advantage for our clients and drives successful strategies and optimal real estate decisions. For more information contact: Dr Jane Murray Head of Research, Asia Pacific Ben Breslau Managing Director, Americas Research Dr Lee Elliott Head of Research, EMEA Jeremy Kelly Director, Global Research Contributing Authors: Myles Huang Director, Asia Pacific Research Josh Gelormini Vice President, Americas Research Craig Plumb Head of Research, MENA Oliver Kummerfeldt Associate Director, EMEA Research COPYRIGHT Jones Lang LaSalle IP, Inc This publication is the sole property of Jones Lang LaSalle IP, Inc. and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle IP, Inc. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication.

Global Real Estate Outlook

Global Real Estate Outlook Global Real Estate Outlook August 2014 The Hierarchy of Economic Performance, 2014-2015 China Indonesia India Poland South Korea Turkey Australia Mexico United Kingdom Sweden United States Canada South

More information

What Makes Cities Successful Randstad on the World Stage

What Makes Cities Successful Randstad on the World Stage What Makes Cities Successful Randstad on the World Stage 1966 7 World Cities London Moscow New York Paris Randstad Rhein-Ruhr Tokyo Today: JLL City Commercial Attraction Index Top 20 Population Economic

More information

Fact sheet DTZ Fair Value Index TM methodology

Fact sheet DTZ Fair Value Index TM methodology Fact sheet DTZ Fair Value Index TM methodology DTZ Fair Value Index TM launched to measure investor opportunity in world s commercial property markets First ever forward-looking commercial property value

More information

Digital Infrastructure and Economic Development. An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary

Digital Infrastructure and Economic Development. An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary Digital Infrastructure and Economic Development An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary The Boston Consulting Group (BCG) is a global management consulting firm

More information

Cities Research Center I 2015. City Momentum Index

Cities Research Center I 2015. City Momentum Index Cities Research Center I 2015 City Momentum Index City Momentum Index, 2015 2 Tracking Speed of Change This is JLL s second annual City Momentum Index (CMI), which tracks the speed of change of a city

More information

P R E S S R E L E A S E

P R E S S R E L E A S E P R E S S R E L E A S E Contact: Robert McGrath 212.984.8267 robert.mcgrath@cbre.com Corey Mirman 212.984.6542 corey.mirman@cbre.com LONDON IS WORLD S MOST EXPENSIVE OFFICE MARKET FOR SECOND STRAIGHT YEAR

More information

European office sector recovery continuing Divergence in speed and strength remains

European office sector recovery continuing Divergence in speed and strength remains The Jones Lang LaSalle Office Property Clock Q3 2013 European office sector recovery continuing Divergence in speed and strength remains European Office Rental Index decreases q-o-q Aggregate European

More information

Global. 2011 Outlook for Office Real Estate 1. Figure 1: Regional Growth is Disparite. Figure 2: Global Office Rents Stabilizing

Global. 2011 Outlook for Office Real Estate 1. Figure 1: Regional Growth is Disparite. Figure 2: Global Office Rents Stabilizing cb richard ellis Global Research and Consulting Global www.cbre.com/research December 21 211 Outlook for Office Real Estate 1 By Nick Axford, Peter Damesick, Richard Holberton, Andrew Ness, Kevin Stanley,

More information

São Paulo Office Skyline July 2014

São Paulo Office Skyline July 2014 Office Skyline July 2014 w Office Market Overview - Global Prime Offices City Rental Clock The Jones Lang LaSalle Property Clocks SM Based on rents for Grade A space in CBD or equivalent. US positions

More information

São Paulo Office Skyline July 2014

São Paulo Office Skyline July 2014 Office Skyline July 2014 w Office Market Overview - Global Prime Offices City Rental Clock The Jones Lang LaSalle Property Clocks SM Based on rents for Grade A space in CBD or equivalent. US positions

More information

Supplemental Information First-Quarter 2014 Earnings Call

Supplemental Information First-Quarter 2014 Earnings Call Supplemental Information First-Quarter 2014 Earnings Call Market & Financial Overview Q1 & FY Capital Markets & Leasing Markets Volumes Investment Volume Strength Varies HISTORICAL FORECAST Capital Markets

More information

Global Office Thermometer

Global Office Thermometer Global Office Thermometer Lower costs driven by appreciating US dollar, weaker economic growth in Europe and increased supply in emerging markets May 2015 This is the 18th edition of our annual report

More information

India. Doorway to opportunities

India. Doorway to opportunities India Doorway to opportunities We have the key India s development plays an increasingly active role in the global economy and presents significant business opportunities. As clients manage and explore

More information

France A.T. Kearney Foreign Direct Investment Confidence Index (FDICI)

France A.T. Kearney Foreign Direct Investment Confidence Index (FDICI) France 20 A.T. Kearney Foreign Direct Investment Confidence Index (FDICI) 20 A.T. Kearney FDI Confidence Index 20 2 6 4 0 20 Rankings 20 2 4 0 6 20 24 20 2 4 6 0 20 24 2 US China Canada Germany UK Japan

More information

Denied Boarding Eligibility

Denied Boarding Eligibility Option 1 Denied Boarding Compensation voucher may be used for a single Emirates operated two sector return journey between Dubai and the adjoining list of cities. (OR) Between Australia & New Zealand or

More information

2015 City RepTrak The World s Most Reputable Cities

2015 City RepTrak The World s Most Reputable Cities REPUTATION LEADERS NETWORK 2015 City RepTrak The World s Most Reputable Cities The World s View on Cities: An Online Study of the Reputation of 100 Cities RepTrak is a registered trademark of Reputation

More information

Denied Boarding Eligibility

Denied Boarding Eligibility Option 1 Denied Boarding Compensation voucher may be used for a single Emirates operated two sector return journey between Dubai and the adjoining list of cities. (OR) Between Australia & New Zealand or

More information

The World s Most Competitive Cities. A Global Investor s Perspective on True City Competitiveness

The World s Most Competitive Cities. A Global Investor s Perspective on True City Competitiveness The World s Most Competitive Cities A Global Investor s Perspective on True City Competitiveness A report by Site Selection magazine in cooperation with IBM Global Business Services The World s Most Competitive

More information

at the pace of business Leadership development In-house programs available! The Leadership Express Series Ottawa, ON

at the pace of business Leadership development In-house programs available! The Leadership Express Series Ottawa, ON Africa Cape Town Johannesburg Pretoria Asia Bangkok Beijing Ho Chi Minh City Hong Kong Jakarta Kuala Lumpur Mumbai New Delhi Seoul Shanghai Shenzhen Singapore Tokyo Europe Amsterdam Athens Barcelona Berlin

More information

European office market recovery continues but at varying speeds

European office market recovery continues but at varying speeds The Jones Lang LaSalle Office Property Clock Q2 2013 European office market recovery continues but at varying speeds European Prime Office Rental Index continues upward trend Aggregate European leasing

More information

Ken Favaro Ashish Jain Samuel Bloustein. Small Business Banking Customers An Attractive Segment for Organic Growth

Ken Favaro Ashish Jain Samuel Bloustein. Small Business Banking Customers An Attractive Segment for Organic Growth Leading Research Paul Hyde Ken Favaro Ashish Jain Samuel Bloustein Small Business Banking Customers An Attractive Segment for Organic Growth Small Business Customers Are Among the Most Profitable Segments

More information

The Data Center of the Future: Creating New Jobs in Europe

The Data Center of the Future: Creating New Jobs in Europe The Data Center of the Future: Creating New Jobs in Europe New data centers will create hundreds of thousands of new jobs for Europe by 2020. But there is work to be done to capture this opportunity fully.

More information

Financial services regulation in Australia

Financial services regulation in Australia Financial services regulation in Australia FEBRUARY What you need to know Financial services regulation in Australia February 2016 1 What you need to know Key points Do you do business in Australia or

More information

Real Estate. Expertise of a boutique. Reach of a global firm.

Real Estate. Expertise of a boutique. Reach of a global firm. Real Estate Expertise of a boutique. Reach of a global firm. Inside Expertise of a boutique, reach of a global firm 1 Broad global coverage 2 Industry coverage 3 Our search process 4 Proprietary assessment

More information

Supplemental Information First Quarter 2011 Earnings Call

Supplemental Information First Quarter 2011 Earnings Call Supplemental Information First Quarter 2011 Earnings Call Market & Financial Overview s Q1 2010 Q1 2011 growth slowing growth accelerating falling bottoming out Shanghai Washington DC London, Hong Kong

More information

Office rent growth driven by service sector employment expansion

Office rent growth driven by service sector employment expansion MARKETVIEW Global Office Rent Cycle, Q1 2016 Office rent growth driven by service sector employment expansion Global Office Rent Index +0.6% Americas Office Rent Index +0.4% EMEA Office Rent Index +0.8%

More information

Human Resources Specialty Practice. www.stantonchase.com

Human Resources Specialty Practice. www.stantonchase.com Human Resources Specialty Practice www.stantonchase.com Established in 1990, Stanton Chase has grown to be ranked among the leading global executive search firms as rated by all major industry market research

More information

of business Leadership development at the pace The Leadership Express Series Calgary, AB

of business Leadership development at the pace The Leadership Express Series Calgary, AB at the pace Leadership development of business The Leadership Express Series Calgary, AB Join other successful and like-minded leaders committed to becoming their absolute best. Learn powerful ways to

More information

Supplemental Information Fourth-Quarter 2013 Earnings Call

Supplemental Information Fourth-Quarter 2013 Earnings Call Supplemental Information Fourth-Quarter 2013 Earnings Call Market & Financial Overview 2013 Q4 and FY Capital Markets & Leasing Markets Volumes 2013 Investment Volume Strength Continued Q4 2013 v. Q4 2012

More information

The JLL Global Premium Office Rent Tracker

The JLL Global Premium Office Rent Tracker The JLL Global Premium Office Rent Tracker Q1 2016 Globalisation and city competition We are in a new era of city competition, where cities are fighting to secure the world s most dynamic corporations,

More information

CRITICAL THINKING AT THE CRITICAL TIME CONSTRUCTION SOLUTIONS

CRITICAL THINKING AT THE CRITICAL TIME CONSTRUCTION SOLUTIONS CRITICAL THINKING AT THE CRITICAL TIME CONSTRUCTION SOLUTIONS Table of Contents 1 ABOUT FTI CONSULTING 2 CHALLENGES OVERCOME 3 OUR EXPERTISE 4 PROJECT TYPES 5 OUR TEAM ii FTI Consulting, Inc. CONSTRUCTION

More information

JUDGMENT ON THE SPANISH TAX LEASE SYSTEM

JUDGMENT ON THE SPANISH TAX LEASE SYSTEM JUDGMENT ON THE SPANISH TAX LEASE SYSTEM CASE T-719/13 PYMAR / COMMISSION Contents 1. Background 2. Judgment of the GCEU of 17 December 2015 in Case T- 719/13, PYMAR / Commission 3. Effects of the Judgment

More information

Indian E-Retail Congress 2013

Indian E-Retail Congress 2013 The Retail Track The Omni Channel Retail Supply Chain Indian E-Retail Congress 2013 Subhendu Roy Principal Consumer Industries and Retail Practice 15 February, 2013 Disclaimer This document is exclusively

More information

Goodbye Spokesperson, Hello Steward

Goodbye Spokesperson, Hello Steward Goodbye Spokesperson, Hello Steward The Transformation of Corporate Communications Once heralded as the seat held by the best storyteller in the company, corporate communications is no longer about amplifying

More information

T&E. Where Business Travelers Spend Money

T&E. Where Business Travelers Spend Money T&E Where Business Travelers Spend Money Contents Introduction 3 Key Findings 4 Top Expensive Cities for Business Travel 5 International 5 U.S. 5 Top 10 Spend Categories 6 International 6 U.S. 7 Most Visited

More information

United Group s Global Property Services Business. December 2007

United Group s Global Property Services Business. December 2007 United Group s Global Property Services Business December 2007 Key Drivers in Property Global opportunities servicing multi national companies Global tenders in 2007 is 50 compared to 6 in 2002 Strong

More information

DHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk?

DHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk? DHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk? Introduction to panel discussion Houston, October 13 th What has happened since the last DHL conference?

More information

GOING FOR GOLD IN THE GLOBAL OFFICE MARKET

GOING FOR GOLD IN THE GLOBAL OFFICE MARKET GOING FOR GOLD AUGUST 2012 A COMPARISON OF GLOBAL OFFICE PROPERTY MARKET PERFORMANCE London on the rise but Beijing takes the Gold With the eyes of the world focused on sporting and cultural achievement

More information

Strengthening markets trigger real estate development cycle. Global Market Perspective Q3 2014

Strengthening markets trigger real estate development cycle. Global Market Perspective Q3 2014 Strengthening markets trigger real estate development cycle Global Market Perspective Q3 2014 Global Market Perspective Third Quarter 2014 Strengthening markets trigger real estate development cycle An

More information

Occupier Perspective Global Occupancy Costs - Offices 2013 Cost saving opportunities in weak markets

Occupier Perspective Global Occupancy Costs - Offices 2013 Cost saving opportunities in weak markets Occupier Perspective Global Occupancy Costs - Offices 2013 Cost saving opportunities in weak markets 29 January 2013 Contents Introduction 2 Section 1 - Global ranking 3 Section 2 - Scenarios 6 Section

More information

Aiming for Outsourcing Excellence

Aiming for Outsourcing Excellence by Mike Connolly mike.connolly@booz.com Vinay Couto vinay.couto@booz.com Gil Irwin gil.irwin@booz.com Karl Kellner karl.kellner@booz.com Aiming for Outsourcing Excellence The New Knowledge-Based Outsourcing

More information

Synopsis: In the first September TripCase product release there will be several big updates.

Synopsis: In the first September TripCase product release there will be several big updates. TripCase Document Delivery 15.09 Implementation: 10 nd Sep2015 SIN time Synopsis: In the first September TripCase product release there will be several big updates. 1) Frontline agents will have access

More information

Opportunities for Action in Financial Services. Growing Profits Under Pressure: Integrating Corporate and Investment Banking

Opportunities for Action in Financial Services. Growing Profits Under Pressure: Integrating Corporate and Investment Banking Opportunities for Action in Financial Services Growing Profits Under Pressure: Integrating Corporate and Investment Banking Growing Profits Under Pressure: Integrating Corporate and Investment Banking

More information

European office sector recovery gains momentum

European office sector recovery gains momentum The Jones Lang LaSalle Office Property Clock Q4 2013 European office sector recovery gains momentum European Office Rental Index increases q-o-q Aggregate European leasing volume up 18% on Q3 Completions

More information

Hotels & Hospitality Group June 2014. Hotel Investor Sentiment Survey

Hotels & Hospitality Group June 2014. Hotel Investor Sentiment Survey Hotels & Hospitality Group June 2014 Hotel Investor Sentiment Survey Contributors Karen Wales Executive Vice President Research and Consulting Asia Pacific Jessica Jahns Head of Research EMEA Lauro Ferroni

More information

Coaching Executives: Building Emotional Intelligence

Coaching Executives: Building Emotional Intelligence IMPACT STORY Coaching Executives: Building Emotional Intelligence How a Global Airline Developed Emotionally Intelligent Leaders via an Integrated Coaching Solution The Challenge The Columbia Leadership

More information

Corporate funding monitor: The changing face of fi nance. January 2014. www.allenovery.com

Corporate funding monitor: The changing face of fi nance. January 2014. www.allenovery.com Corporate funding monitor: The changing face of fi nance January 214 www.allenovery.com 2 The Allen & Overy Corporate Funding Monitor looks at loan, bond and equity issues to non-financial corporates over

More information

board solutions litigation support services Executive compensation

board solutions litigation support services Executive compensation board solutions litigation support services Executive compensation i Deep experience, strong partnerships Hay Group s Board Solutions business assists attorneys in various types of engagements that involve

More information

Greater than the Sum of its Parts: Professionalizing the Supervisory Board

Greater than the Sum of its Parts: Professionalizing the Supervisory Board Greater than the Sum of its Parts: Professionalizing the Supervisory Board Jörg Thierfelder and Michael Ensser In the current business environment, supervisory boards are responding to significantly higher

More information

Alvarez & Marsal Global Forensic and Dispute Services. 2015 Asia Pacific Regional Meeting (APRM) Tokyo, Japan 23-25 April 2015

Alvarez & Marsal Global Forensic and Dispute Services. 2015 Asia Pacific Regional Meeting (APRM) Tokyo, Japan 23-25 April 2015 Alvarez & Marsal Global Forensic and Dispute Services 2015 Asia Pacific Regional Meeting (APRM) Tokyo, Japan 23-25 April 2015 A&M OVERVIEW GLOBAL REACH NEW YORK (GLOBAL HQ) LONDON (EUROPE HQ) HONG KONG

More information

Joint General Assembly APLAC-PAC 2014 June 21-28, Guadalaja, Mexico

Joint General Assembly APLAC-PAC 2014 June 21-28, Guadalaja, Mexico Joint General Assembly APLAC-PAC 2014 June 21-28, Guadalaja, Mexico Suggestions air transportation to Guadalajara, Mexico Below are some suggested connections that can be taken from different countries

More information

1999 COMMUNICATIONS STUDY LINKING COMMUNICATIONS WITH STRATEGY TO ACHIEVE BUSINESS GOALS

1999 COMMUNICATIONS STUDY LINKING COMMUNICATIONS WITH STRATEGY TO ACHIEVE BUSINESS GOALS W A T S O N W Y A T T 1999 COMMUNICATIONS STUDY LINKING COMMUNICATIONS WITH STRATEGY TO ACHIEVE BUSINESS GOALS A CLOSE TIE between business and communications strategies will align the workforce with

More information

CITY OF CHICAGO BUILDING ENERGY USE BENCHMARKING AND TRANSPARENCY

CITY OF CHICAGO BUILDING ENERGY USE BENCHMARKING AND TRANSPARENCY California Energy Commission Nonresidential Building Energy Use Disclosure Workshop CITY OF CHICAGO BUILDING ENERGY USE BENCHMARKING AND TRANSPARENCY Jamie Ponce Chicago City Director, C40 Cities Climate

More information

Q2 2015. Dubai Real Estate Market Overview

Q2 2015. Dubai Real Estate Market Overview Q2 2015 Dubai Real Estate Market Overview Dubai Market Summary Dubai s real estate market saw little change in the second quarter, with the slowdown in performance across all asset classes continuing,

More information

Corporate funding monitor 2015

Corporate funding monitor 2015 Corporate funding monitor 2015 The changing face of finance February 2015 2 Corporate funding monitor 2015 A global reaction to a global crisis Global corporate funding by source (USDtn) USD4tn USD3tn

More information

Seamus McMahon Ashish Jain Kumar Kanagasabai. Redefining the Mission for Banks Call Centers Cut Costs, Grow Sales, or Both

Seamus McMahon Ashish Jain Kumar Kanagasabai. Redefining the Mission for Banks Call Centers Cut Costs, Grow Sales, or Both Perspective Amit Gupta Seamus McMahon Ashish Jain Kumar Kanagasabai Redefining the Mission for Banks Call Centers Cut Costs, Grow Sales, or Both Contact Information Chicago Ashish Jain Principal 312-578-4753

More information

01/ 02/ 03/ 04/ 05/ Beyond borders Deloitte Discovery April 23 rd 2015 Cyprus 1 Going beyond borders to move our clients ahead Deloitte Discovery Services - Deloitte Legal 2 The Deloitte

More information

Who is Savvis. * Pro forma. 2 Savvis Proprietary & Confidential 10/24/12

Who is Savvis. * Pro forma. 2 Savvis Proprietary & Confidential 10/24/12 Savvis Overview Who is Savvis Savvis is an IT outsourcing provider delivering visionary enterprise-class cloud and IT solutions and proactive service, and enabling enterprises to gain a competitive advantage

More information

MENA Office Markets. and their impact on CRE function. Craig Plumb Head of Research, MENA April 2013

MENA Office Markets. and their impact on CRE function. Craig Plumb Head of Research, MENA April 2013 MENA Office Markets and their impact on CRE function Craig Plumb Head of Research, MENA April 2013 Agenda 01 02 03 04 05 06 Regional Office Markets Dubai Market Update Summary of other MENA Markets Importance

More information

A Global Rating Agency >

A Global Rating Agency > A Global Rating Agency > Who We Are > Fitch Ratings is committed to providing the world s credit markets with reliable, timely and prospective credit opinions. Built on a foundation of organic growth and

More information

Hotel, Tourism and Leisure. Asia Pacific Quarterly Update Volume 3 Spotlight: Malaysia

Hotel, Tourism and Leisure. Asia Pacific Quarterly Update Volume 3 Spotlight: Malaysia Hotel, Tourism and Leisure Asia Pacific Quarterly Update Volume 3 Spotlight: Malaysia ASIA PACIFIC HOTEL REVIEW HOTEL OPENING BY COUNTRY HOTEL OPENINGS Total hotel openings by international hotel management

More information

THINK Global: Risk and return

THINK Global: Risk and return Changing context of real estate returns in a globalised world Data generating art This document is solely for the use of professionals and is not for general public distribution. Using data from Fig.1

More information

Special Timetable of Lufthansa German Airlines for 20APR10 Sonderflugplan der Deutschen Lufthansa für 20APR10

Special Timetable of Lufthansa German Airlines for 20APR10 Sonderflugplan der Deutschen Lufthansa für 20APR10 Special Timetable of Lufthansa German Airlines for 20APR10 Sonderflugplan der Deutschen Lufthansa für 20APR10 All flights listed here are most likely to be operated - short time cancellations might still

More information

A New World of Cities

A New World of Cities WORLD WINNING CITIES Global Foresight Series 2012 A New World of Cities Redefining the Real Estate Investment Map 2 A New World of Cities: Redefining the Real Estate Investment Map, January 2012 A New

More information

Safeguarding. your. organisation s. future. A strategic workforce planning approach for the oil and gas sector using the five rights.

Safeguarding. your. organisation s. future. A strategic workforce planning approach for the oil and gas sector using the five rights. your Safeguarding organisation s future A strategic workforce planning approach for the oil and gas sector using the five rights. www.haygroup.co.uk Safeguarding your organisation s future Planning for

More information

Freight Forwarders: Thinking Outside the Box

Freight Forwarders: Thinking Outside the Box Freight Forwarders: Thinking Outside the Box Given its size, profitability, and expected growth rates, freight forwarding is among the most attractive segments in the North American transportation services

More information

European office rental struggle amidst subdued demand

European office rental struggle amidst subdued demand The Jones Lang LaSalle Office Property Clock - Q2 2012 European office rental struggle amidst subdued demand The European rental index records a second successive modest fall (-0.2%) The European vacancy

More information

Accredited TOGAF 9, ArchiMate 2 and IT4IT Training Course Calendar June 2016 onwards

Accredited TOGAF 9, ArchiMate 2 and IT4IT Training Course Calendar June 2016 onwards Course Start Date Training Provider Training Course Name Type Course Location Duration Exam Status URL Contact Email Contact Telephone 2016-07-01 2016-07-01 Conexiam TOGAF 9 Training Course TOGAF 9 Combined

More information

10Steps to Optimize Retail Operations. A guide to enable, deliver and drive store value

10Steps to Optimize Retail Operations. A guide to enable, deliver and drive store value 10Steps to Optimize Retail Operations A guide to enable, deliver and drive store value Achieving Excellence in Retail Operations (AERO TM ) Enable store value Use customer and market insights to set strategic

More information

Opportunities for Action in Industrial Goods. Winning by Understanding the Full Customer Experience

Opportunities for Action in Industrial Goods. Winning by Understanding the Full Customer Experience Opportunities for Action in Industrial Goods Winning by Understanding the Full Customer Experience Winning by Understanding the Full Customer Experience The old adage What gets measured gets done is fine

More information

Opportunities for Action. Achieving Success in Business Process Outsourcing and Offshoring

Opportunities for Action. Achieving Success in Business Process Outsourcing and Offshoring Opportunities for Action Achieving Success in Business Process Outsourcing and Offshoring Achieving Success in Business Process Outsourcing and Offshoring The list of companies that have launched efforts

More information

INSTRUCTIONS FOR USE I-GUCCI WATCHES

INSTRUCTIONS FOR USE I-GUCCI WATCHES INSTRUCTIONS FOR USE I-GUCCI WATCHES Instructions for use General information Main functions: Double time zone, see "List of cities" table - world time with selected city indicator - local time Display

More information

Q3 2015. Cairo Real Estate Market Overview

Q3 2015. Cairo Real Estate Market Overview Cairo Real Estate Market Overview Cairo Market Summary All sectors of the Cairo real estate market exhibited positive performance and improved sentiment during, with the office market signaling the most

More information

Q3 2014. Cairo Real Estate Market Overview

Q3 2014. Cairo Real Estate Market Overview Cairo Real Estate Market Overview Cairo Market Summary The third quarter of 2014 saw further political stability as the regime proceeded with implementing its roadmap. Following the reduction of energy

More information

Walid Tohme Jad Bitar. Healthy Links Bringing Interoperability to Healthcare Delivery

Walid Tohme Jad Bitar. Healthy Links Bringing Interoperability to Healthcare Delivery Perspective Ramez Shehadi Walid Tohme Jad Bitar Healthy Links Bringing Interoperability to Healthcare Delivery Contact Information Beirut Ramez Shehadi Partner +961-1-985-655 ramez.shehadi@booz.com Walid

More information

Norton Rose Group expands across Canada, Latin America and Kazakhstan. Creating one of the world s leading energy and mining practices

Norton Rose Group expands across Canada, Latin America and Kazakhstan. Creating one of the world s leading energy and mining practices Norton Rose Group expands across Canada, Latin America and Kazakhstan Creating one of the world s leading energy and mining practices Norton Rose Group expands across Canada, Latin America and Kazakhstan

More information

Opportunities for Action in Consumer Markets. To Spend or Not to Spend: A New Approach to Advertising and Promotions

Opportunities for Action in Consumer Markets. To Spend or Not to Spend: A New Approach to Advertising and Promotions Opportunities for Action in Consumer Markets To Spend or Not to Spend: A New Approach to Advertising and Promotions To Spend or Not to Spend: A New Approach to Advertising and Promotions Trying to outshout

More information

Supplemental Information Fourth Quarter 2010 Earnings Call

Supplemental Information Fourth Quarter 2010 Earnings Call Supplemental Information Fourth Quarter 2010 Earnings Call Market & Financial Overview Capital Values Q4 2009 Q4 2010 London Shanghai Beijing, Hong Kong Moscow Washington DC New York, Paris, San Francisco

More information

How CPG manufacturers and retailers can collaborate to create offers that will make a difference. Implications of the Winning with Digital Study

How CPG manufacturers and retailers can collaborate to create offers that will make a difference. Implications of the Winning with Digital Study Implications of the Winning with Digital Study How CPG manufacturers and retailers can collaborate to create offers that will make a difference 1 To shed light on retailers shift from traditional to digital

More information

DTZ Research. Property Times Europe Office Q4 2012 Rebound in take-up and new supply. 21 February 2013. Summary. Authors. Contact

DTZ Research. Property Times Europe Office Q4 2012 Rebound in take-up and new supply. 21 February 2013. Summary. Authors. Contact Property Times Europe Office Q4 2012 Rebound in take-up and new supply 21 February 2013 Summary Take-up 2 Vacancy ratio 4 New office supply 6 Office prime rents 7 Outlook 9 Definitions 10 Authors Magali

More information

ROLE SPECIFICATION INTERNATIONAL FINANCE CORPORATION

ROLE SPECIFICATION INTERNATIONAL FINANCE CORPORATION ROLE SPECIFICATION for the position of with GENERAL COUNSEL INTERNATIONAL FINANCE CORPORATION AMSTERDAM ATHENS ATLANTA BARCELONA BEIJING BERLIN BOGOTÁ BOSTON BRUSSELS BUDAPEST BUENOS AIRES CALGARY CHICAGO

More information

Opportunities for Action in Financial Services. Sales Force Effectiveness: Moving Up the Middle and Managing New Prospects

Opportunities for Action in Financial Services. Sales Force Effectiveness: Moving Up the Middle and Managing New Prospects Opportunities for Action in Financial Services Sales Force Effectiveness: Moving Up the Middle and Managing New Prospects Sales Force Effectiveness: Moving Up the Middle and Managing New Prospects Good

More information

Executive remuneration

Executive remuneration Executive remuneration in high definition A high definition, risk-adjusted approach to benchmarking Instinctively executives know that one pound of base salary, one pound of target bonus and one pound

More information

Opportunities for Action. Shared Services in Operations and IT: Additional Complexity or Real Synergies?

Opportunities for Action. Shared Services in Operations and IT: Additional Complexity or Real Synergies? Opportunities for Action Shared Services in Operations and IT: Additional Complexity or Real Synergies? Shared Services in Operations and IT: Additional Complexity or Real Synergies? In recent years, many

More information

Cyber security: A major issue for Australian business

Cyber security: A major issue for Australian business Cyber Security: A major issue for Australian business: February 2016 1 Cyber security: A major issue for Australian business Contents Introduction and background Is your industry particularly vulnerable

More information

Accredited TOGAF 9 and ArchiMate 2 Training Course Calendar February 2016 onwards

Accredited TOGAF 9 and ArchiMate 2 Training Course Calendar February 2016 onwards Course Start Date Training Provider Training Course Name Type Course Location Duration Exam Status URL Contact Email Contact Telephone 2016-02-01 2016-02-01 EA Principals, Inc. TOGAF 9 Foundation and Certified

More information

Global Cities, Present and Future

Global Cities, Present and Future Global Cities Index and Emerging Cities Outlook Global Cities, Present and Future Today more than ever, global cities need to run just to stand still. Urban leaders who wish to provide their citizens with

More information

Global Office MarketView

Global Office MarketView Global Office MarketView Uncertainty Abounds, Market Improves Global Research and Consulting Quick Stats CBRE Global Office Rent Index Q-o-Q % Change Y-o-Y % Change Global 0.9% 5.1% Americas 0.4% 1.5%

More information

Opportunities for Action in Industrial Goods. The Price Is Right: Optimizing Industrial Companies Pricing of Services

Opportunities for Action in Industrial Goods. The Price Is Right: Optimizing Industrial Companies Pricing of Services Opportunities for Action in Industrial Goods The Price Is Right: Optimizing Industrial Companies Pricing of Services The Price Is Right: Optimizing Industrial Companies Pricing of Services Industrial companies

More information

The Global Financial Centres Index 16

The Global Financial Centres Index 16 Featuring a supplement on Maritime Financial Centres sponsored by Busan Metropolitan City The Global Financial Centres Index 16 SEPTEMBER 2014 1 New York 2 London 3 Hong Kong 5 San Francisco 6 Tokyo 7

More information

GLOBAL RETAIL TRENDS IMPLICATIONS FOR COMMERCIAL REAL ESTATE

GLOBAL RETAIL TRENDS IMPLICATIONS FOR COMMERCIAL REAL ESTATE GLOBAL RETAIL TRENDS IMPLICATIONS FOR COMMERCIAL REAL ESTATE Q2 2013 GLOBAL ECONOMY 2013: Steady Relative to 2012 1.7% CANADA 1.6% U.S. 2.9% MEXICO 1.1% UK -0.5% FRANCE -1.8% SPAIN 0.5% GERMANY -2.0% ITALY

More information

abc Hotel Investor Sentiment Survey Cap Rate and IRR requirements now level with the previous market peak Issue 22, May 2011

abc Hotel Investor Sentiment Survey Cap Rate and IRR requirements now level with the previous market peak Issue 22, May 2011 abc Real value in a changing world Hotel Investor Sentiment Survey Issue 22, May 2011 Cap Rate and IRR requirements now level with the previous market peak Tightening of cap rate and IRR requirements most

More information

Global Growth Strategy

Global Growth Strategy Global Growth Strategy Jones Lang LaSalle Global strategy for renewed growth G1 Build our leading local and regional market positions G2 G3 G4 Grow our leading positions in Corporate Solutions Capture

More information

Outlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting

Outlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting Outlook for European Real Estate in 2013 Mark Charlton, Head of Research & Forecasting Tuesday 20 th November 2012 Europe - uncertainty continues to buffet sentiment Oct 06 Oct 07 Oct 08 Oct 09 Oct 10

More information

Cargo Sales & Service Presentation

Cargo Sales & Service Presentation Cargo Sales & Service Presentation Who is Air Logistics Group? Established in 1994 One of the world s leading cargo sales and service companies 55 offices spanning 32 countries and over 200 employees worldwide

More information

Mercer Cost of Living Survey Worldwide Rankings, 2009 (including rental accommodation costs)

Mercer Cost of Living Survey Worldwide Rankings, 2009 (including rental accommodation costs) Mercer Cost of Living Survey Worldwide, Country 2008 1 2 Tokyo Japan 143.7 127 2 11 Osaka Japan 119.2 110 3 1 Moscow Russia 115.4 142.4 4 8 Geneva Switzerland 109.2 115.8 5 6 Hong Kong Hong Kong 108.7

More information

Selection and Use of Patient-Reported Outcome Measures The Role of Outside Consultants Janice Hogan, Partner, Hogan Lovells LLP

Selection and Use of Patient-Reported Outcome Measures The Role of Outside Consultants Janice Hogan, Partner, Hogan Lovells LLP Selection and Use of Patient-Reported Outcome Measures The Role of Outside Consultants Janice Hogan, Partner, Hogan Lovells LLP Tuesday, November 27, 2012 Key Topics for Consultants Selection of Instruments

More information

Global Cities 2016. Which global cities are performing best today, which have the best long-term potential, and what makes a smart city?

Global Cities 2016. Which global cities are performing best today, which have the best long-term potential, and what makes a smart city? Global Cities 0 Which global cities are performing best today, which have the best long-term potential, and what makes a smart city? Global Cities 0 Today, more than half of the world s population lives

More information

The Real Supply Chain Challenge Leadership and Talent Management

The Real Supply Chain Challenge Leadership and Talent Management The Real Supply Chain Challenge Leadership and Talent Management The best supply chains appear to be complex, precise machines with millions of moving parts that mesh efficiently and function flawlessly.

More information