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Cost Increases Signal Economic Momentum

Global Prime Office Occupancy Costs | December 2014

Summary

The cost to occupy prime office space keeps rising. One reason why: global, multinational organizations need the highest-grade, best-located properties to attract and retain top talent—and are willing to pay a premium to obtain it.

Of the 126 office markets tracked around the globe, over half (74 markets) saw annual increases in prime occupancy costs, 26% (33 markets) registered declines and 15% (19 markets) saw no change. Of the 74 markets with occupancy cost growth, 13 saw increases of at least 10%, led by Dublin, Manila and Seattle (Suburban).

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Infographic

Global Prime Office Occupancy Cost Report December 2014 Infographic

Global Prime Office Occupancy Costs

For more information about this report, please contact:

Nick Axford, Ph.D.
Head of Research, Global
+44 20718 22876
Richard Barkham, Ph.D.
Chief Economist, Global
+44 20718 22665
Spencer Levy
Head of Research, Americas
+1 617 9125236
Henry Chin, Ph.D.
Head of Research, Asia Pacific
Asia Pacific
Research
+852 2820 8160
+852 2810 0830
Neil Blake, Ph.D.
Head of Foreccasting and Analytics, Global
+44 20 7182 2133
Raymond Wong
Managing Director, COO, Americas Research
+1 416 815 2353
+1 416 362 8085