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Costs Continue to Rise

Global Prime Office Occupancy Costs | December 2013


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.


Global Prime Office Occupancy Costs

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
Jos Tromp
Head of Research, EMEA
+31 (0)20 626 26 91
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