Globally, investor feeling towards commercial real estate purchases is picking up, with Latin American and Asian markets leading the way in terms of opportunities.
This is according to the findings of the latest Commercial Property Survey from the Royal Institution of Chartered Surveyors (RICS), which found that three-quarters of the countries represented in the survey saw higher demand from tenants in the final three months of the year.
Singapore has proven that city-states can flourish and for Chris Anderson, urban sites will be the place that the world will heavily rely on as its population expands and its resources feel the demand of greater pressure.
Expectations for both rents and capital values also continued to improve around the world, the industry body added.
In terms of rental expectations for the first three months of 2011, Latin America and Asia lead the way. In particular, Peru, Hong Kong, China, Singapore and Brazil offer the best opportunities.
Simon Rubinsohn, RICS chief economist, said: "Sentiment seems to be improving across much of the global commercial property market. Solid growth in Asia, Latin America and parts of Eastern Europe is providing significant support for the real estate sector … our suspicion is that these markets will see the strongest gains in capital values over the course of 2011.''