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Top Global CRE Markets See Most Increase in Transparency Amidst COVID

While many of the world’s leading commercial real estate markets in North America, Western Europe and Australasia are becoming more transparent, most other countries struggle to maintain the pace of transparency improvement.  

These findings are according to the biennial, proprietary Global Real Estate Transparency Index (GRETI) from JLL and LaSalle, which provides a benchmark of market transparency for property investors, developers and corporate occupiers. 

“The influence of external events including geopolitical conflict, economic volatility and lingering effects of COVID-19 that has permeated the last two years has had widespread effects on the global real estate market,” said Richard Bloxam, CEO, Capital Markets, JLL.  

“Transparency is the foundation which allows corporate occupiers, as well as investors and lenders to the world’s largest asset class, to operate and make decisions with confidence,” he continued. “While we are encouraged to see increased transparency in many of the world’s leading markets, limited improvements in many other global markets have resulted in one of the slowest rates of progress in the index’s history and highlights growing disparity in transparency around the world.” 

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