Jones Lang LaSalle's roundup analysis of the global real estate picture in the current quarter acknowledges global financial uncertainty, but contains a few bright spots, too.
As always, it’s almost all about location. "Most key markets are in better shape than they have been for several years and are making steady progress through this period of heightened economic volatility," the company says in "Global Market Perspective – Fourth Quarter 2011."
Technology is driving growth in some markets. "Strong demand from the technology sector is boosting the performance in some tech hubs. Silicon Valley's prime market has recorded the world's fastest rate of rental growth in Q3 (at 60 percent year-on-year)," the report states.
As noted elsewhere recently, multifamily housing is a bright spot on the 2012 horizon.
"The U.S. rental apartment sector continues its expansion. In the tightest multifamily markets, rental growth is likely to remain robust, underpinned by low supply and positive demographics, JLL said.
