Global Prime Office Occupancy Costs June 2017
Occupants of prime office space span a range of sectors and sizes, but all are affected to some extent by technology driving change in their organizations. Companies today require technology to manage their business more effectively, satisfy their clients and in many cases access their consumer base. However, companies increasingly are also using sophisticated technology offerings as a way to attract and retain talent and manage their real estate operations. This report provides insight into prime office occupancy costs around the world and the growing role of technology in corporate real estate departments.
CBRE reports, prime office occupancy costs increased by 1.9% globally in the year ending Q1 2017, lower than the growth rate in the year ended Q1 2016 (2.2%). This was largely attributable to a slowdown in year-on-year growth in Asia Pacific (1.2%) and EMEA (0.8%), while occupancy costs in the Americas increased by 3.6% year-on-year.