GCC Office Real Estate
June 10, 2014
After the global financial crisis, the trend in GCC office real estate can be summed up by increased supply and sluggish demand. While office space upgrade, from lower quality to higher quality, might keep up the office real estate activity in short term, the long run growth of market is dependent on the growth of non-hydrocarbon and private sectors in GCC region. Increasing government expenditure in real estate projects across the GCC will lead to further decline in office rentals, and possible increase in vacancy rates.