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Office Rents Rise Amid Increased Demand

Global Office Rent Cycle MarketView | Q2 2015

Office Rents Rise Amid Increased Demand from Service Sector

Summary

  • The global economy continued to recover in Q2 2015 albeit inconsistently and subject to some degree of volatility.
  • Nevertheless, there is sufficient impetus to create employment growth in the service sector, which is feeding through into solid office take-up figures in the global office market.
  • Most U.S. office markets remained in the rental upcycle during Q2 2015. Demand was strongest in the leading tech markets. Gross average asking rents passed their pre-recession peaks.
  • In Europe, the strongest rental growth was evident in parts of the U.K., Spain, Germany and the Nordics.
  • In Asia Pacific, a number of factors point towards downward pressure on regional rental growth in H2 2015.

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Global Office Rent Cycle MarketView

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
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
Research
+852 2820 8160
+852 2810 0830
Spencer Levy
Americas Head of Research
+1 617 9125236