The commercial property analysis firm is reporting considerable levels of optimism among real estate business leaders, with most people in the sector confident that the worst of the recent financial turbulence is over.
This confidence looks set to instigate an upswing in the level of activity within office space markets worldwide, with growing demand for prime locations likely to result in increased rental yields for property owners, according to Colliers.
Office space markets in the US, as well as in London, Sydney, Singapore and Hong Kong, are rated as being among the most popular, while close to 90 per cent of real estate investors are considering expansions to their current portfolios.
“While current sentiment varies by region, the large majority of respondents felt the market would still be on the upswing one year from now,” said James W Horne, chairman of Colliers International Asia Pacific.
“Optimism in the market is reinforced by the nearly three-quarters of respondents saying a double-dip recession is unlikely.”
In addition to the well-established office space markets in financial capitals around the world, countries like Ukraine, Poland and Brazil were cited as being among the most tempting office space options for investors considering expansion into emerging markets.
Central London boasts one of the most active office space sectors in Europe and a report from the commercial property firm DTZ recently suggested that optimism is growing that 2011 will be a good year for the UK capital’s real estate markets.