Global Commercial Property Survey 2008 (RICS)

Growth in tenant demand turned negative in Q1 for the first time in over four years. Deterioration in occupier activity continued across the developed world in Q2 with some emerging markets also losing steam.

In Q3 the net balance for global rents turned negative at a global level for the first time in the survey's history led by particular weakness in US, Japan, Spain Ireland and India.

In Q4 rents were falling across more than 90% of the countries surveyed by RICS with the greatest downward pressure occurring in parts of Asia.

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