New RICS-RCA Commercial Real Estate Report
Thursday, May 27, 2010
Source: RICS
RICS reports: RICS Americas, a division of the Royal Institution of Chartered Surveyors, the world’s leading membership organization for professionals in property, land, construction and related environmental issues, and Real Capital Analytics today issued the first Commercial Real Estate Report, with news that the first quarter of 2010 saw a significant increase in transaction volume in North and South America, approximately $17 billion, up an impressive 68 percent from a year earlier.
“The United States, Canada, Mexico and Brazil all posted increases in sales volume in Q1’10 compared to a year earlier,” said Bob White, FRICS, founder and president of Real Capital Analytics. “Sales in Mexico tripled while sales in Canada doubled. Brazil also saw sales nearly double in Q1’10 after posting a strong increase in activity in Q4’09, as well. In the United States, property sales increased by a healthy but more modest 63 percent. Easing of the credit crunch has started to help improve the investment climate in the United States with the office and apartment sectors leading the recovery.”
RICS Americas and RCA will make the quarterly Commercial Real Estate report available to every RICS member in the region.
“The new members-only quarterly Commercial Real Estate Report from RICS Americas and RCA provides excellent insight into the state of the market across the entire region,” said Steve Wolfe, director of operations, RICS Americas. “RICS members will benefit from the report’s high level look into the industrial, retail, office and hotel sectors in the Americas region, with a special focus on US, Canada, Mexico and Brazil. RICS Americas full suite of global and regional reports, analyses, surveys and guidance notes give property professionals a vital toolkit as they look for opportunities in an increasingly challenging marketplace.”
The RICS Americas/RCA Commercial Real Estate Report will be issued quarterly and is available to all RICS members by request. To learn more about RICS Americas and membership please go to www.ricsamericas.org.
The first issue of the report is available to the public here.
View the full article on RICS: New RICS-RCA Commercial Real Estate Report
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