Global commercial real estate markets have seen a solid progression as volumes reach US66 billion in the second quarter of 2010 with the strongest growth in Brazil, the latest figures show.

‘Globally, the strongest growth has been recorded in Brazil, where volumes have tripled on the first quarter to US$1.6 billion and are now at record levels. Canada has also seen strong improvement on the quarter doubling to US$3.5 billion,’ said Steve Collins, head of the ICG in the Americas.