RICS Survey: Real Estate Feels the Heat Worldwide

Real estate markets in most of the developed world are decidedly feeling the pinch of the economic malaise that started last year, according to the RICS Global Commercial Property Survey for the second quarter of 2008. Emerging markets, however, pose a more mixed picture. RICS -- the Royal Institution of Chartered Surveyors -- found, among other trends, a deterioration in occupier activity and increased vacancies across the developed world in the second quarter, with some emerging markets also losing steam. Tenant demand fell at a faster pace in the developed world in the second quarter than the first...

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