RICS：2025年第二季度全球商业地产监测报告（英文版）（15页）.pdf

1、Global Commercial Property MonitorQ2 2025ECONOMICSResponses were gathered in conjunction with the following organisations:ECONOMICSOccupier demand resilient in the face of macro uncertaintyAlthough the second quarter of the year was dominated by discussions around tariffs,with the tone of the conver

2、sation vacillating between confrontation and negotiation,headline sentiment indicators from the latest RICS Global Commercial Property Monitor(GCPM)were little changed during Q2.Indeed,the reading for the aggregated Global Commercial Property Sentiment Index(CPSI)was-6 for the second consecutive qua

3、rter,albeit this is marginally less negative than readings of-8,-7 and-11 previously(Chart 1).In terms of the regional picture,the CPSI remains most positive in MEA where it came in at+7 as against+10 in Q1.Once again,it is the UAE where contributors are telling the most upbeat story.Meanwhile,the a

4、ggregate result for the Americas shows sentiment just about remaining in positive territory.For Europe,the CPSI was-4 as against-6 in the first three months of this year.Finally,the APAC landscape remains more divergent than other areas.The headline CPSI for Q2 was recorded as-17 versus-21 previousl

5、y.But within this,the feedback from India remains generally upbeat and contrasts with the still negative tone to the insights from China and Hong Kong.Occupier demand remains resilient for nowUnease over the outlook for the global economy has intensified in recent months,reflecting fears over the po

6、tential impact of a tariff war on business activity.That said,most forecasts regarding the outlook for growth continue to point to a generally lacklustre performance rather than anything more deleterious.This is also the sense coming back from the responses to the GCPM as far as occupier demand is c