Tokyo Property Sales Jump in First Half, Bucking Global Slump
Bloomberg reports: Tokyo passed London and New York to
first in commercial property sales in the first half, while
the worldwide credit crunch cut property sales in half globally.
Sales of office buildings in Japan jumped 103 percent to
$12.6 billion in the first half of 2008.
For buyers, sale and leaseback
arrangements with large corporate tenants offer returns with
relatively low risk, Dan Fasulo said. Office vacancies in Tokyo neared a 7 year low in the first half.
View the full article on Bloomberg: Tokyo Property Sales Jump in First Half, Bucking Global Slump
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