Latest research from Savills en-US Thu, 23 Feb 2012 01:02:16 GMT The key driver of rents over the next five years will be a shortage of Grade A availability rather than a particular bounce in tenant demand. http://pdf.euro.savills.co.uk/uk/office-reports/central-london-office-review-and-outlook-spring-2012.pdf Positive Absorption of 92,140 square metres in the past year. Savills recorded approximately $739 million of transactions in the past year. http://pdf.savills.asia/asia-pacific-research/australian-research/australia-office-/savillsresearch-spotlight-brisbane-cbd-office-q4-2011.pdf The supply outlook for Parramatta has increased with the construction commencing on a major project. http://pdf.savills.asia/asia-pacific-research/australian-research/australia-office-/savillsresearch-spotlight-parramatta-officeq4-2011.pdf Full floor availability as at December 2011 is currently sitting at 10.5 percent, with just six options for tenants > 10,000 square metres. http://pdf.savills.asia/asia-pacific-research/australian-research/australia-office-/savillsresearch-spotlight-sydney-cbd-office-2011-q4.pdf The deterioration of economic outlook will have a negative impact on investor sentiment and market fundamentals. The focus will remain on prime, core markets and the disparity between primesecondary and core-periphery is set to widen. http://pdf.euro.savills.co.uk/european/european-investments/2012-european-investment-trends.pdf Luxury residential rents recorded their first dip after nine consecutive quarters of positive rental growth since Q2/2009, with luxury apartment and townhouse rents declining marginally by 0.7% and 1.5% respectively. http://pdf.savills.asia/_images/hkresl02-2012-1.jpg http://pdf.savills.asia/asia-pacific-research/hong-kong-research/hong-kong-residential/resl02-2012.pdf The luxury residential sector was hit not only by less mainland interest and credit tightening, but also the first decline in the leasing market since the global crisis. http://pdf.savills.asia/_images/hkress02-2012-1.jpg http://pdf.savills.asia/asia-pacific-research/hong-kong-research/hong-kong-residential/ress02-2012.pdf The industrial sector was unexpectedly active in the last quarter with the CBD2 initiatives prompting investment activity in Kowloon East for those looking for revitalisation and redevelopment opportunities. http://pdf.savills.asia/_images/hkind01-2012-1.jpg http://pdf.savills.asia/asia-pacific-research/hong-kong-research/hong-kong-industrial/ind01-2012.pdf The market of residential portfolios in Germany proved markedly dynamic over the past year. In total 213 residential packages comprising approximately 82,600 units were sold. http://pdf.euro.savills.co.uk/germany-research/ger-eng-2011/germany-residential-portfolio-market-2011-en-final.pdf January’s turnover was fuelled by last year’s slower sales. http://pdf.euro.savills.co.uk/uk/commercial---other/west-end-investment-watch---jan-2012.pdf