Monterrey and its commercial real estate market are unique in many respects. Did you know…
- Monterrey is the capital city of the northeastern state of Nuevo León in the country of Mexico.
- The city is anchor to the third-largest metropolitan area in Mexico and is ranked as the ninth-largest city in the nation.
- Monterrey is Mexico’s second richest city, and the world’s 63rd richest, with an economy that had a 2008 GDP of USD $102 billion.
- The city was rated by Fortune magazine in 1999 as the best city in Latin America for business and is currently ranked third best by the América Economía magazine.
- Because of its strong steel industry, it is often called “the Pittsburgh of Mexico”. The city has prominent positions in sectors such as steel, cement, glass, auto parts, and brewing equipment.
- The city’s economic wealth has been attributed in part to its proximity with the United States-Mexican border and economic links to the United States.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Santo Domingo and its commercial real estate market are unique in many respects. Did you know…
- Santo Domingo, known officially as Santo Domingo de Guzmán, is the capital and largest city in the Dominican Republic. Its metropolitan population was 2,084,852 in 2003, and estimated at 3,294,385 in 2010.
- Founded by Bartholomew Columbus in 1496, it is the oldest continuously inhabited European settlement in the Americas, and was the first seat of Spanish colonial rule in the New World.
- The city is the center of economic activity in the Dominican Republic. Many national and international firms have their headquarters or regional offices in Santo Domingo. The city attracts many international firms and franchises due to its geographic location, stability, and vibrant economy.
- Santo Domingo contains a wide variety of incomes, ranging from the extremely poor to the highly rich. Areas of high income families are found in the central Polygon of the city.
- For many years the Dominican Republic has enjoyed a state of the art telecommunications system, due to its privatization and integration with the US system.
- The commercial centers in the city are mostly found on Avenida Winston Churchill, where large plazas, such as Acropolis Center are found. This area is home to most of the banks in the city, like Banco Popular Dominicano, Scotiabank, and Citibank to name a few.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Panama City and its commercial real estate market are unique in many respects. Did you know…
- Panama City is the capital and largest city of the Republic of Panama. It has a population of 880,691, with a total metro population of 1,272,672, and it is located at the Pacific entrance of the Panama Canal, in the province of the same name. The city is the political and administrative center of the country, and a hub for international banking and commerce.
- With an average GDP per capita of $11,700, Panama has been among the top five places for retirement in the world, according to International Living magazine.
- Panama City was chosen to be the American Capital of Culture for 2003 (jointly, with Curitiba, Brazil).
- Being the economic and financial center of the country, Panama City’s economy is service-based, heavily weighted toward banking, commerce, and tourism. The economy is dependent, to a significant extent, on trade and shipping activities, associated with the Panama Canal, and port facilities located in Balboa.
- Panama City is responsible for the production of about 55% of the country’s GDP. This is because most Panama businesses and premises are located in the city and its metro area. It is a stopover for other destinations in the country as well as a tourist destination in its own right.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Wuxi and its commercial real estate market are unique in many respects. Did you know…
- Wuxi is an old city in Jiangsu province, People’s Republic of China. Split in half by Lake Tai, Wuxi borders Changzhou to the west and Suzhou to the east.
- Wuxi earned its nickname “Pearl of Lake Tai” because it’s built on the shore of Lake Tai in a scenic setting. Wuxi was also dubbed “little Shanghai” because of its close proximity to the city, rapid urbanization and booming economy. Wuxi also has a history of business people involved in modern Shanghai commerce since the early 20th century.
- Currently Wuxi is designated as an investment grade city, and has two large industrial parks devoted to new industries. Although the current manufacturing centers on textiles, there are plans to move to electric motor manufacturing and MRP software development. Wuxi is the solar technology hub in China as two major photovoltaic companies are based in the city.
- Since it was established in 1992, Wuxi New District (WND) has evolved to be one of the major industrial parks in China. Approximately 1200 enterprises have been registered in WND by the end of 2008. Wuxi New District provides strong support for international manufacturing operations.
- In 2008 new energy industries were worth 37.8 Billion RMB, with the solar photovoltaic industry accounting for 30.2 Billion RMB of the total. The GDP per capita was ¥81,151 (US$11,885) in 2009, ranked second in Jiangsu Province, less than Suzhou but more than the capital city Nanjing.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Tokyo and its Commercial Real Estate Market are unique in many respects. Did you know…
- Tokyo is the seat of the Japanese government, home to the Imperial Palace as well as the largest stock market – second largest in the world by market.
- Japan remains the world’s second largest economy and is the home to 67 of the world’s Fortune Global 500 firms.
- The retail market has opened up and is very active – including for foreign retailers, which are developing new regional shopping centers and outlet malls as well as well as expanding their luxury brand presence in key fashion districts such as Ginza and Omotesando.
- Tokyo is one of the world’s three world finance command centers, along with New York and London, and has the largest metropolitan economy in the world. It houses the headquarters of some of the world’s largest investment banks and insurance companies.
- Increased real estate fund and investment activity, an expanding commercial office sector, and growth in the retail, hospitality, and industrial markets continue to change the landscape of Japanese real estate.
- Tokyo’s market is currently transitioning from a “strong” Landlord’s Market to “just” a Landlord’s Market with landlords being more flexible in order to attract new tenants.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Sydney and its commercial real estate market are unique in many respects. Did you know…
- Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia’s south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people. Inhabitants of Sydney are called Sydneysiders, comprising a cosmopolitan and international population of people from numerous places around the world.
- The site of the first British colony in Australia, Sydney was established in 1788 at Sydney Cove by Arthur Phillip, commodore of the First Fleet as a penal colony.
- In 2010, Sydney was ranked 7th in Asia and 28th globally for economic innovation in the Innovation Cities Top 100 Index by innovation agency 2thinknow. Sydney also ranks among the top 10 most livable cities in the world according to Mercer Human Resource Consulting and The Economist.
- Sydney is one of GaWC’s Alpha + world cities. It has hosted major international sporting events, including the 1938 British Empire Games, the 2000 Summer Olympics, and the final match of the 2003 Rugby World Cup.
- As the financial and economic hub of Australia, Sydney has grown to become a wealthy and prosperous city. The largest economic sectors in Sydney, as measured by the number of people employed, include property and business services, retail, manufacturing, and health and community services. Since the 1980s, jobs have moved from manufacturing to the services and information sectors. Sydney provides approximately 25 percent of the country’s total GDP.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Suzhou and its commercial real estate market are unique in many respects. Did you know…
- Suzhou is a major city located in the southeast of Jiangsu Province in Eastern China, located adjacent to Shanghai Municipality. The city is situated on the lower reaches of the Yangtze River and on the shores of Taihu Lake and is a part of the Yangtze River Delta region.
- Originally founded in 514 BCE, Suzhou has over 2,500 years of rich history, and relics of the past are abundant to this day. The city’s canals, stone bridges, pagodas, and meticulously designed gardens have contributed to its status as one of the top tourist attractions in China.
- The classical gardens in Suzhou were added to the list of the UNESCO World Heritage Sites in 1997 and 2000. Suzhou is often dubbed the “Venice of the East” or “Venice of China”.
- The Suzhou Industry Park (SIP) is the largest cooperation project between China and Singapore Government. It is located beside the beautiful Jinji Lake, which lies to the east of Suzhou Old city.
- The Suzhou Hi-Tech Industrial Development Zone was established in 1990. In Nov. 1992, the zone was approved to be the national-level hi-tech industrial zone. By the end of 2007, foreign-invested companies had a total registered capital worth of USD 13 billion, of which USD 6.8 billion was paid in. SND hosts now more than 1,500 foreign companies.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Shanghai and its Commercial Real Estate Market are unique in many respects. Did you know…
- Shanghai is the largest city in China in terms of population and one of the largest metropolitan areas in the world, with over 20 million people in its metropolitan area. Located on China’s central eastern coast near the mouth of the Yangtze River, the city is administrated as a municipality with province-level status.
- Shanghai is mainland China’s center for commerce and finance, and has been described as the “showpiece” of the world’s fastest-growing economy. Renowned for its historical landmarks such as the Bund and Xinitandi, its modern and ever expanding Pudong skyline including the Oriental Pearl Tower, and its new reputation as a center of culture and design.
- The two Chinese characters in the name “Shanghai”, (shang; and hai) literally mean “up, on, or above the sea”, respectively, evident of Shanghai’s location next to the East China Sea
- The government has partially or fully privatized many large companies and banks and maintains a strong presence in the power and defense industries.
- Shanghai was host to World Expo 2010. The Expo began in 1851 and is an important platform for exchanging innovative ideas. It is the first registered exposition in a developing country, which shows the international community’s confidence in China’s reform.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Sao Paulo and its Commercial Real Estate Market are unique in many respects. Did you know…
- Sao Paulo is the largest city in Brazil, the western and southern hemisphere, and the world’s eighth largest city by population.
- The city is home to Sao Paulo Stock Exchange, the Future Markets, and the Cereal Market Stock Exchanges (which is the second largest stock exchange in the world).
- The city is known for the size of its helicopter fleet, architecture, gastronomy, and skyscrapers.
- Sao Paulo ranks sixth in the world in terms of the number of billionaires, tied with Mumbai with 21 billionaires.
- Sao Paulo is the 10th richest city in the world. The city’s economy is largely service based, driven by the financial, business services and light manufacturing industries.
- 63% of all the international businesses in Brazil have their headquarters in Sao Paulo.
- The industrial market continues to remain stable with important gains in manufacturing and distribution. Over the past few years, the industrial market has experienced the relocation of industries from central zones to recently built construction parks in decentralized zones. Companies are motivated to relocate due to government incentives, lower labor costs, and lower cost of housing.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
Santiago and its Commercial Real Estate Market are unique in many respects. Did you know…
- Santiago, the capital of Chile, is the country’s largest city with the largest population, over 5.5 million people.
- Santiago is the cultural, commercial, financial, industrial and communications center of Chile. It is also a major contributor to the Chilean economy because it generates 45% of the country’s GDP.
- Santiago has become one of Latin America’s most sophisticated cities. Uninterrupted economic growth in the last decade has helped in the transformation of the city, which now has extensive suburban developments, dozens of shopping malls, and impressive high rise architecture.
- Chile and Santiago continue to attract foreign investment. The federal government has signed 57 bilateral or regional trade agreements with many countries and trade unions including the United States, China, India, Mexico, South Korea and the European Union.
- Some of the benefits companies enjoy when operating in Santiago include a well educated and technology oriented work force, the most free economy in Latin America, a stable government, a low cost of living, one of Latin America’s most competitive telecommunications services, and the second most important financial center in Latin America after Sao Paulo, Brazil.
- Demand for space in most real estate sectors has increased, and this has led to a boom in construction. Currently several commercial, residential, and office buildings are being built throughout the city.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
