Worldwide trends

With the improving global economic conditions, including Central and Eastern Europe, it is expected that vacancy rates will dip and rents will rise throughout 2006.The Asia-Pacific region continued to be home to some of the most vibrant real-estate markets in the world with vacancies dropping, even though office construction continues to surge. The most expensive office space in the region is in Hong Kong. Europe, Middle East and African markets continued to show signs of more sustained growth. Vacancy levels, which had been largely stagnant, moved lower again during the latter half of the year dropping by 110 basis points.
(Real Estate Newsletter)