Raymond Torto, Ph.D., CRE®, Global Chairman of Research, CBRE
In this Global In-Sights Podcast, Raymond Torto discusses the recently release Global Prime Office Occupancy Costs Report.
In line with the global economic recovery, occupancy costs for prime office space have continued to grow over the past year. For the 12 months ending Q3 2013, global prime office occupancy costs grew at a 2.2% annual pace, up from the 1.4% growth rate seen during the 12 months ending Q1 2013. The Americas posted the highest year-over-year growth rate, at 4.6%, followed by Asia Pacific, at 3.2%, and EMEA, at 0.4 %. This positioning is reflective of the relative strength of supply and demand conditions for prime space within each region.
View the Global Prime Office Occupancy Costs Podcast (Duration 5:03)
Download the Global Prime Office Occupancy Costs Report | December 2013