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Global Office Rent Cycle MarketView Q4 2015

Growth in service sector employment to offset stock market weakness


  • The global expansion of the service sector is providing an environment for companies to hire new staff and driving steady demand for office space. This helped drive a 0.3% quarter-over-quarter increase in the Global Office Rent Index. Year-over-year, global rents were up 2.7%.
  • In the U.S., tightening market conditions fueled rent growth of 4.0% in 2015, a slight deceleration from the 4.5% growth registered in 2014, but still well above inflation.
  • Rents in Latin America were negatively affected by economic weakness, especially in Brazil, Argentina and Colombia, but strong demand from multinationals supported prime rents in Mexico.
  • Economic improvement and stronger leasing demand contributed to positive but still highly uneven rental growth in EMEA. The EMEA Office Rent Index was up 0.4% quarter-over-quarter, a slight decline on the 0.6% quarter-over-quarter growth recorded in Q3 2015.
  • The Asia Pacific Office Rental Index edged up 0.3% quarter-over-quarter, an almost identical growth pattern as in Q3 2015. Rents in North Asia and India posted solid growth.


Global Office Rent Cycle, Q4 2015

Global Office Rent Cycle Marketview Q4 2015 Infographic

Global Office Rent Cycle MarketView

For more information please contact:

Nick Axford, Ph.D.
Head of Research, Global
+44 20718 22876
Richard Barkham, Ph.D.
Chief Economist, Global
+44 20718 22665
Neil Blake, Ph.D.
Head of Foreccasting and Analytics, Global
+44 20 7182 2133
Henry Chin, Ph.D.
Head of Research, Asia Pacific
Asia Pacific
+852 2820 8160
+852 2810 0830
Spencer Levy
Americas Head of Research
+1 617 9125236
Dennis Schoenmaker, Ph.D.
Global Economist
+44 2071822457