Mar 25 2015

Global Office Rent Cycle MarketView | Q4 2014

From CBRE:

  • cbreThe global economy turned more positive in the opening months of 2015 as the U.S. resurgence gained further traction and growth in the Euro area, albeit modest, beat expectations.
  • Asia Pacific economic growth is expected to pick up slightly in 2015, although there is continued concern about slowing growth in China and the possibility of a recession in Japan.
  • The majority of the 19 markets included in the Global Office Rent Cycle were in the upswing, with most markets at a point where rental rates are gaining momentum.
  • Amid a banner 2014 for the U.S. economy, virtually all U.S. office markets ended the year in the upswing of the cycle.
  • In EMEA, there was notable rental growth in second-tier markets such as Birmingham, Liverpool and Marseille—likely a knock-on effect of pricier rents in key capital cities.
  • The Asia Pacific office market ended 2014 on a strong note, with quarterly net absorption at its highest level for the year.

Download the Global Office Rent Cycle MarketView | Q4 2014

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