The Royal Institution of Chartered Surveyors (RICS) recently published their latest Global Commercial Property Monitor; their monitor acts as “a quarterly guide to the trends in the commercial property investment and occupier markets” and tracks sentiment as well as the state of supply and demand within commercial real estate.
RICS reported that sentiment among global investors and occupiers has improved for the fourth successive quarter; demand for office is either flat or improving as a general rule across North America, Europe and APAC. Despite this, in the US, some major cities are faced with office oversupply (RICS, Global Commercial Property Monitor, page 5), making it more important than ever for landlords to differentiate their offerings.