Global Office Rent Cycle MarketView Q2 2016
- The global economy endured a weaker-than-expected first half of 2016, due mainly to volatility in China and Asia at the beginning of the year, and to a period of substantially slower U.S. growth. Oxford Economics expects improvement in the second half, leading to annual growth of 2.2% in 2016.
- The Global Office Rental Index was essentially flat in Q2 2016, registering quarter-over-quarter growth of 0.1%—a decline from the previous quarter’s 0.6%. Growth remained stable in Asia Pacific but slowed in EMEA and the Americas.