Sep
14
Jones Lang CEO Sees Demand Driving Prices in Japan and U.S.
By
Jones Lang LaSalle CEO Colin Dyer.
Photographer: Akio Kon/Bloomberg
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Commercial real estate volume may set a new record in 2015
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Transactions last increased to a record $760 billion in 2007
The commercial property cycle has another two years to go with prices in some of the world’s largest cities set to extend gains, underpinned by office demand and attractive returns amid low interest rates, according to the chief executive officer of property-services company Jones Lang LaSalle Inc.
“There is enough robust demand in the market,” Colin Dyer said in an interview in Tokyo Monday. We see a “very similar phenomenon around the world, so it is ok for now. In two years’ time, that may change. This cycle could end in excessive pricing.”…
Jones Lang CEO Sees Demand Driving Prices in Japan and U.S.
