NAI Global Announces Report on International Commercial Real Estate Market Trends

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NEW YORK, March 21, 2022 (GLOBE NEWSWIRE) — Chairman and CEO of NAI Global Jay Olshonsky, FRICS, CCIM and SIOR announced the publication of a report on global market trends and forecasts for 2022 covering its four main geographic markets. These markets include the Americas, Europe, Asia-Pacific, and the Middle East and North Africa (MENA).

NAI Global is an international commercial real estate services company that provides real estate advisory, brokerage and management services in more than 300 markets worldwide. Here are some of the highlights from each region.

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MIDDLE EAST AND NORTH AFRICA (MENA)

  • In 2019, NAI Global entered the Middle East with new offices in Jeddah, Riyadh (Kingdom of Saudi Arabia) and Dubai (UAE). Despite the complications of the Covid-19 pandemic, the region saw early successes and landed major customers.
  • Last year, the economic growth of MENA countries was 4.1% (GDP) and the outlook for 2022 has increased to 4.1%, compared to an estimate of 3.7% made in April 2021.
  • New regulations have been adopted allowing international investors to operate without a local partner. Many internationals arrive with needs for commercial space, offices and logistics – the complete offer for commercial real estate.
  • Saudi Arabia is building a car-free and carbon-free smart city known as The Line as part of Neom, the futuristic economic zone and city located in the northwest of the country on the coasts of the Red Sea and the Gulf of Aqaba…. add $48 billion per year to the Kingdom’s GDP by 2030.

To see the full report and forecast, click here:
https://www.dropbox.com/s/gg2g61t4rfur6uz/NAI%20E-BOOK%202022_FINAL_1.pdf?dl=0

For more information about NAI Global, visit www.naiglobal.com/

Press contacts:
Gary Marsh, Marsh Marketing 415.999.3793 or [email protected]
Lindsay Fierro, NAI Global 212.405.2474 or [email protected]

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