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What Goes Up Keeps Going Up

Global Prime Office Occupancy Costs | June 2014

CBRE’s biannual Global Prime Office Occupancy Cost survey measures and compares office occupancy costs in 126 markets across the world. The survey is performed semi-annually in the first and third quarter of the year.

Regionally, prime office occupancy costs were up 3.3% year-over-year in the Americas and up 2.9% year-over-year in Asia Pacific. EMEA was essentially flat, edging down 0.1% year-over-year. The regional results are consistent with recent economic trends, in that the Americas has been economically stronger than EMEA over the past year. While Asia Pacific exhibited the highest—albeit slowing—economic growth numbers of the three, it also has a large pipeline of office projects, which is beginning to put downward pressure on costs in key markets. 

Download Prime Office Occupancy Costs | June 2014

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