Dinbo Macaranas, senior research manager at Colliers International Philippines, said in a third quarter report dated November 9 that recently, concerns about oversupply
have appeared due to record completions in supply, rising vacancies, and declining yields.
Kapadia however underlined the importance of compliance to make the deal successful and reduce the oversupply
Masand reckons Dubai will see a significant rent drop owing to oversupply
in the market.
Asked whether not defining a ceiling for OPEC output by the meeting's statement would legitimize the group's oversupply
, he said: "[By the statement] we have not approved of the oversupply
- if we agreed with a higher ceiling then we must bear the market's reaction but now the aftermaths of the oversupply
is directed at those who have supplied more than the market's need.
Demand is struggling to cope with the oversupply
amid a slowdown in the global economy this year and is expected to continue into next year.
He said oversupply
in the oil market continued to be a concern, not least considering the uncertainty about when the adjustment process kicks off in earnest.
Crude prices collapsed more than 50 percent between June and January owing to the oversupply
and weak demand.
The report indicated that over the first half of 2015 oil oversupply
is expected to hit 1--1.
We are experiencing an obvious oversupply
in the market that needs time to be absorbed," he said.
is ongoing, (13) but the best solutions to oversupply
Bahrain's office market has been suffering from an oversupply
of office stock and weak occupier demand since the 2008/09 crisis.
Rental rates in Riyadh's office sector could drop by 3 per cent due to extreme oversupply
, a report said, adding that rates are likely to remain static in the retail and industrial sector in 2014.