- Global office property values continued to improve during Q1 2013, rising by 0.9%, while global office rents remained stable for the period.
- Office property appreciation during the quarter accentuates the strong risk-adjusted returns that commercial real estate offers. The availability of such returns, in contrast to lower-yielding investment alternatives, continues to create intense competition for prime assets.
- Limited supply and keen demand for prime space in the best locations have supported global office rent levels—even in a global environment still constrained by chronic economic headwinds. As economic and property fundamentals continue to recover steadily, the outlook for rents is for stability or, over time, moderate growth.
Download Global Office Indices MarketView (Q1 2013)