Mal sahipleri ve bankalar, pandeminin ard\u0131ndan insanlar\u0131n nas\u0131l ve nerede \u00e7al\u0131\u015ft\u0131\u011f\u0131, al\u0131\u015fveri\u015f yapt\u0131\u011f\u0131 ve ya\u015fad\u0131\u011f\u0131yla ilgili de\u011fi\u015fikliklerle bo\u011fu\u015fuyor. Di\u011fer bir yandan ise y\u00fcksek faiz oranlar\u0131 bina sat\u0131n almay\u0131 ve yeniden finanse etmeyi daha pahal\u0131 hale getiriyor.<\/p>\n
Mortgage Bankac\u0131lar\u0131 Birli\u011fi\u2019ne g\u00f6re, yaln\u0131zca ABD\u2019de bu y\u0131l ve gelecek y\u0131l yakla\u015f\u0131k 1,4 trilyon dolarl\u0131k ticari gayrimenkul kredisinin vadesi geldi. Ancak son \u00f6deme tarihi geldi\u011finde, b\u00fcy\u00fck anapara \u00f6demeleri ile kar\u015f\u0131 kar\u015f\u0131ya kalan mal sahipleri, \u00f6demeyi yapmak i\u00e7in tekrar bor\u00e7 almak yerine temerr\u00fcde d\u00fc\u015fmeyi tercih edebilir.<\/p>\n
Veri analiz \u015firketi Green Street\u2019e g\u00f6re, ofise d\u00f6n\u00fc\u015f oranlar\u0131n\u0131n Asya ve Avrupa\u2019dan daha d\u00fc\u015f\u00fck oldu\u011fu ABD\u2019de, kurumsal kalitede ofislerin de\u011ferleri, faiz oranlar\u0131n\u0131n y\u00fckselmeye ba\u015flad\u0131\u011f\u0131 Mart 2022\u2019den bu yana y\u00fczde 27 d\u00fc\u015ferken apartman fiyatlar\u0131 y\u00fczde 21, al\u0131\u015fveri\u015f merkezlerinin fiyatlar\u0131 y\u00fczde 18 d\u00fc\u015ft\u00fc.<\/p>\n
PGIM Real Estate\u2019in tahminlerine g\u00f6re, ofis fiyatlar\u0131n\u0131n Avrupa\u2019da y\u00fczde 25\u2019ten fazla ve Asya-Pasifik b\u00f6lgesinde yakla\u015f\u0131k y\u00fczde 13 d\u00fc\u015fmesi bekleniyor.<\/p>\n
Ofis anla\u015fmalar\u0131 say\u0131s\u0131 d\u00fc\u015ferken fiyatlar da sert bir \u015fekilde d\u00fc\u015f\u00fcyor. 2008 krizinden sonra ABD ofis fiyatlar\u0131n\u0131n toparlanmas\u0131 alt\u0131 y\u0131l al\u0131rken CBRE Group\u2019un ba\u015fekonomisti Richard Barkham, toparlanman\u0131n bu kez 10 y\u0131l s\u00fcrmesini beklediklerini ifade eti.<\/p>\n
Ticari gayrimenkul s\u0131k\u0131nt\u0131lar\u0131n\u0131n, finansal sistem \u00fczerindeki stresi art\u0131rarak krizi derinle\u015ftirmesi ve d\u00fc\u015f\u00fck emlak vergisi gelirleriyle m\u00fccadele eden baz\u0131 \u015fehirlerde d\u00f6n\u00fc\u015ft\u00fcr\u00fcc\u00fc etki yaratmas\u0131 bekleniyor.<\/p>\n
Bo\u015f ofis binalar\u0131n\u0131n yaratt\u0131\u011f\u0131 bor\u00e7 sorunu Los Angeles\u2019tan \u0130sve\u00e7 ve G\u00fcney Kore\u2019ye kadar uzan\u0131rken d\u00fcnyan\u0131n d\u00f6rt bir yan\u0131ndaki b\u00fcy\u00fck finans ve i\u015f merkezlerinde s\u0131k\u0131nt\u0131lar artmaya ba\u015flad\u0131.<\/p>\n
UZAKTAN \u00c7ALI\u015eMA OF\u0130S SAYISINI D\u00dc\u015e\u00dcRD\u00dc<\/b><\/p>\n
ABD\u2019de temerr\u00fcde d\u00fc\u015fen bina say\u0131s\u0131n\u0131n en y\u00fcksek oldu\u011fu yer son 10 y\u0131lda emlak fiyatlar\u0131n\u0131n rekor seviyelere ula\u015ft\u0131\u011f\u0131 San Francisco oldu. Ofis bo\u015fluk ve kullan\u0131labilirlik oran\u0131, pandemi \u00f6ncesi g\u00fcnlere g\u00f6re \u00fc\u00e7 kat\u0131na \u00e7\u0131kan San Francisco\u2019da uzaktan \u00e7al\u0131\u015fma karar\u0131 alan i\u015fverenleri yeniden \u00e7ekmek i\u00e7in m\u00fccadele ediliyor.<\/p>\n
Di\u011fer bir yandan bina g\u00fcvenlik \u015firketi Kastle Systems\u2019e g\u00f6re, New York\u2019ta ise \u00e7al\u0131\u015fanlar\u0131n sadece yar\u0131s\u0131 ofiste bulunuyor. Bu sebeple \u00e7ok say\u0131da bina kirac\u0131 kayb\u0131 ile m\u00fccadele ediyor. \u0130\u015fverenler ise g\u00fcncellenmi\u015f ofis ihtiya\u00e7lar\u0131n\u0131 g\u00f6z \u00f6n\u00fcnde bulundurarak eskiyen m\u00fclkler yerine Hudson Yards veya Grand Central terminali yak\u0131n\u0131ndaki yeni in\u015fa edilen binalar\u0131 tercih ediyor.<\/p>\n
Arac\u0131 kurum Wharton Property Advisors\u2019\u0131n CEO\u2019su Ruth Colp Haber ise bu durumu \u201cEn iyi binalar bu krize dayanabilecek ve atlatabilecekler. Ancak b\u00fcy\u00fck bir bo\u015flu\u011fa sahip olan ve ayn\u0131 zamanda \u00e7ok fazla \u00e7al\u0131\u015fma gerektiren binalar i\u00e7in durum iyiye gitmeyecek\u201d diyerek a\u00e7\u0131kl\u0131yor.<\/p>\n
ESK\u0130 B\u0130NALARIN \u015eANSI OLDUK\u00c7A D\u00dc\u015e\u00dcK<\/b><\/p>\n
ABD\u2019nin finans merkezlerinin haricinde di\u011fer geli\u015fen \u015fehirler de ofis bo\u015fluklar\u0131 ile m\u00fccadele ediyor. \u0130ngiliz emlak hizmetleri \u015firketi Savills Plc\u2019ye g\u00f6re, Atlanta\u2019n\u0131n kiralama i\u00e7in bo\u015f ofis oran\u0131 ilk \u00e7eyrekte y\u00fczde 31\u2019e ula\u015farak salg\u0131n \u00f6ncesi seviyenin neredeyse iki kat\u0131na \u00e7\u0131kt\u0131. Teksas\u2019ta da kiralama i\u00e7in uygun alanlar 2022\u2019den bu yana iki kattan fazla artt\u0131.<\/p>\n
Baz\u0131 yerlerde, olu\u015fan yeni arzlar d\u00fc\u015fen talebi kar\u015f\u0131larken her eski bina i\u00e7in yeni bir kullan\u0131m amac\u0131 bulunam\u0131yor. Barclays Capital\u2019in ticari gayrimenkul analisti olan Lea Overby bu durumu, \u201c1990\u2019lar\u0131n ofislerini 1990\u2019lar\u0131n ofis kulesinden ba\u015fka bir \u015feye d\u00f6n\u00fc\u015ft\u00fcrmek ger\u00e7ekten zor\u201d diyerek a\u00e7\u0131kl\u0131yor.<\/p>\n
\u015e\u0130RKETLER\u0130N TERC\u0130H\u0130 LONDRA\u2019DA K\u0130RALARI ARTIRDI<\/b><\/p>\n
Hibrit \u00e7al\u0131\u015fman\u0131n yayg\u0131n olarak benimsenmesi ise Londra\u2019y\u0131 dengesiz bir \u015fekilde etkiliyor. \u015eirketler i\u015f\u00e7ileri geri \u00e7ekmek i\u00e7in en iyi binalarda ve konumlarda yer ar\u0131yor. \u015eirketler toplamda daha az yer kaplarken metrekare ba\u015f\u0131na daha fazla \u00f6demeye haz\u0131r olduklar\u0131 i\u00e7in kiralar da art\u0131yor.\u00a0 Yardi\u2019nin k\u0131demli ara\u015ft\u0131rma g\u00f6revlisi Doug Ressler ise bu sebeple kazananlar ve kaybedenler aras\u0131nda geni\u015fleyen bir u\u00e7urum oldu\u011funu s\u00f6yl\u00fcyor.<\/p>\n
Londra emlak piyasas\u0131n\u0131n \u00fczerinde beliren bir ba\u015fka konuyu ise \u00e7evre d\u00fczenlemelerine uymad\u0131klar\u0131 i\u00e7in y\u00fczlerce binan\u0131n eskimi\u015f hale gelme olas\u0131l\u0131\u011f\u0131 olu\u015fturuyor. \u00c7\u00fcnk\u00fc \u0130ngiltere\u2019de binalar A\u2019dan G\u2019ye kadar enerji performans\u0131na g\u00f6re derecelendiriliyor ve 2030\u2019a kadar B\u2019nin alt\u0131nda yer alan ticari binalar\u0131 kiralamak yasa d\u0131\u015f\u0131 olacak.<\/p>\n
STOCKHOLM VE HONG KONG\u2019TA DURUM FARKLI<\/b><\/p>\n
\u0130sve\u00e7\u2019in emlak piyasas\u0131n\u0131n as\u0131l sorununu ise biriken bor\u00e7 miktarlar\u0131 olu\u015fturuyor. En b\u00fcy\u00fck \u0130skandinav \u00fclkesindeki ev sahipleri, \u00f6n\u00fcm\u00fczdeki be\u015f y\u0131l i\u00e7inde yakla\u015f\u0131k \u00fc\u00e7te birinin vadesi gelecek y\u0131l olan 42 milyar dolarl\u0131k tahvili devretmek veya yeniden finanse etmek zorunda kalacak.<\/p>\n
New York ve Londra\u2019dakinin aksine, Hong Kong\u2019dakiler durgunluk i\u00e7in uzaktan \u00e7al\u0131\u015fmay\u0131 su\u00e7layamaz. \u015eehrin son derece verimli toplu ta\u015f\u0131ma sistemi ve k\u00fc\u00e7\u00fck apartmanlar\u0131 evden \u00e7al\u0131\u015fma isteklili\u011fini d\u00fc\u015f\u00fcr\u00fcrken \u00e7al\u0131\u015fanlar \u015fimdiden ofise geri d\u00f6nd\u00fc. Mart ay\u0131nda metro yolcu say\u0131s\u0131 2019 seviyelerini a\u015ft\u0131.<\/p>\n
Ancak y\u00fckselen faiz ortam\u0131ndaki ticari piyasa \u00e7\u00f6k\u00fc\u015f\u00fc, binalar\u0131 yeniden finanse etmeyi ve kolayca al\u0131c\u0131 bulmay\u0131 zorla\u015ft\u0131r\u0131yor. Bu nedenle m\u00fclk sahipleri ucuza sat\u0131\u015f ve faiz \u00f6demelerini azaltmak aras\u0131nda se\u00e7im yapmak zorunda kal\u0131yor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pandeminin ard\u0131ndan d\u00fcnyan\u0131n pek \u00e7ok yerinde evden \u00e7al\u0131\u015fma ve hibrit \u00e7al\u0131\u015fma sisteminin benimsenmesiyle ofis binalar\u0131 bo\u015f kald\u0131. Bu durum y\u00fcksek faiz oranlar\u0131 ve d\u00fc\u015fen emlak de\u011ferleriyle ticari emlak piyasas\u0131n\u0131 u\u00e7urumun e\u015fi\u011fine getirdi.<\/p>\n","protected":false},"author":1,"featured_media":104243,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[474,317,973,927,11457],"class_list":["post-104242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-bina","tag-calisma","tag-finans","tag-ofis","tag-ticari"],"_links":{"self":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/104242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=104242"}],"version-history":[{"count":1,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/104242\/revisions"}],"predecessor-version":[{"id":104244,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/104242\/revisions\/104244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/media\/104243"}],"wp:attachment":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=104242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=104242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=104242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}