Global Rent and Capital Value Indices: Current Snapshot MarketView Q3 2013
PROPERTY VALUES AND RENTS POWERED BY THE AMERICAS
- The Global Office Rent Index inched up 0.07% quarter-over-quarter, mainly due to the strength of the Americas Office Rent Index (up 0.26%), which offset decreases in Asia Pacific (down 0.01%) and EMEA (down 0.03%).
- Substantial growth in the EMEA Retail Rent Index (up 2.8%) buoyed the Global Index (up 1.2%) amid a slight dip in the Americas (down 0.04%).
- Growth in the Global Industrial Rent Index (up 0.8%) was powered by Asia Pacific (up 1.4%). The year-over-year figures were even more telling, with Asia Pacific rising 5%, double the Global growth rate of 2.5%.
- The Global Office Capital Value Index was up 4.2% year-over-year, led by strong growth in the Americas (up 6.9%)—more than the growth in Asia Pacific and EMEA combined (up 2.6% and 3.1%, respectively).