Report: World's commercial property rebounding, led by Asia

10/22/2009 | Reuters

Across the world, commercial real estate markets are recovering, with the rebound the strongest in Asia and Europe, commercial real estate services firm Jones Lang LaSalle said in a report. In the U.S., it's not such a pretty picture. "In contrast, U.S. commercial property continues to struggle under the weight of weak corporate demand, concerns about the size of potential loan losses and worries over the willingness of lenders to recognize asset value declines," the report said. German property funds are starting to show interest in buying U.S. office buildings, the report noted.

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