AMERICAS
CAN
EMEA
14 of 41 markets
EMEA
APAC
APAC
APAC
Hong Kong
99.1%
(CHINA)
92.9%
KEY DATA POINTS
OCCUPIER SERVICES
OFFICE
APAC
A global look across more than 40 markets – comparing rent growth between peak cycles (2008 to 2018) in primary office and industrial markets . Rent growth is expressed as an annual percentage increase or decrease based on local currency denominated rents to eliminate the impact of exchange rates.
Overall, both office and industrial rental rates have climbed at least 25% in 10 or more of the markets covered.
AMERICAS
(CHINA)
(CHINA)
APAC
25% Growth
APAC
Top Three Office Markets Worldwide for Rent Growth
(CHINA)
75.0%
KEY DATA POINTS
(CANADA)
(CHINA)
(CHINA)
10 of 44 markets
Copyright © 2019 | Colliers International
Disclaimer: The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
KEY DATA POINTS
10% Growth
Peak Cycle Comparison of Rent Growth
CAN
Ten-Year Rent Growth Breakdown (2008-2018)
10% Growth
Top Three Industrial Markets Worldwide for Rent Growth
Top Three Office Markets Worldwide for Rent Growth
Stockholm
14 of 41 markets
(SWEDEN)
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(CHINA)
APAC
APAC
10% Growth
APAC
Guanghzou
23 of 41 markets
EMEA
Disclaimer: The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
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80.2%
Shenzhen
83.5%
10% Growth
Hong Kong
92.9%
19 of 44 markets
Peak Cycle Comparison of Rent Growth
APAC
119.4%
25% Growth
75.0%
99.1%
119.4%
80.2%
Shenzhen
(CHINA)
OCCUPIER SERVICES
Ottawa
EMEA
(SWEDEN)
KEY DATA POINTS
INDUSTRIAL
Ten-Year Rent Growth Breakdown (2008-2018)
APAC
23 of 41 markets
25% Growth
Stockholm
83.5%
INDUSTRIAL
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Beijing
Ten-Year Rent Growth Breakdown (2008-2018)
AMERICAS
(CANADA)
Guanghzou
Beijing
10 of 44 markets
Ottawa
Top Three Industrial Markets Worldwide for Rent Growth
25% Growth
A global look across more than 40 markets – comparing rent growth between peak cycles (2008 to 2018) in primary office and industrial markets . Rent growth is expressed as an annual percentage increase or decrease based on local currency denominated rents to eliminate the impact of exchange rates.
Overall, both office and industrial rental rates have climbed at least 25% in 10 or more of the markets covered.
19 of 44 markets
OFFICE
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EMEA
CITY
CITY
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
Prime/Class A Office in Downtown/CBD
2008
Ten-Year Rent Growth Breakdown (2008-2018)
$8.76
$7.69
$7.40
$7.19
$7.08
$6.55
$5.35
$5.15
$4.91
$4.35
2018
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
KEY DATA POINTS
% CHANGE
% CHANGE
EMEA
2010
10.2%
12.9%
29.8%
34.9%
40.5%
37.9%
12.6%
10.8%
48.8%
9.8%
2018
2008
2018
Los Angeles County
Northern New Jersey
Houston
Central New Jersey
Inland Empire
Phoenix
Philadelphia
Chicago
Dallas-Fort Worth
Atlanta
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
AMERICAS
Disclaimer: The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
OCCUPIER SERVICES
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
CITY
Prime/Class A Office in Downtown/CBD
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
% CHANGE
$7.95
$6.81
$5.70
$5.33
$5.04
$4.75
$4.75
$4.65
$3.30
$3.96
Americas - USA
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
Prime Industrial/Warehouse/Distribution
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Los Angeles County
Northern New Jersey
Houston
Central New Jersey
Inland Empire
Phoenix
Philadelphia
Chicago
Dallas-Fort Worth
Atlanta
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
APAC
2018
% CHANGE
Americas - USA
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
% CHANGE
CITY
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
Prime/Class A Office in Downtown/CBD
2018
AMERICAS
2008
$7.95
$6.81
$5.70
$5.33
$5.04
$4.75
$4.75
$4.65
$3.30
$3.96
2018
% CHANGE
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
CITY
10.2%
12.9%
29.8%
34.9%
40.5%
37.9%
12.6%
10.8%
48.8%
9.8%
Prime/Class A Office in Downtown/CBD
CITY
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
2010
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
Prime Industrial/Warehouse/Distribution
$8.76
$7.69
$7.40
$7.19
$7.08
$6.55
$5.35
$5.15
$4.91
$4.35
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
*Net Rent
Peak Cycle Comparison of Rent Growth
$/SF/Year | $=U.S. Dollar SF = Square Feet
2008
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
OCCUPIER SERVICES
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
Prime Industrial/Warehouse/Distribution
2008
APAC
Americas - USA
2018
CITY
Disclaimer: The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
Ten-Year Rent Growth Breakdown (2008-2018)
AMERICAS
10.2%
12.9%
29.8%
34.9%
40.5%
37.9%
12.6%
10.8%
48.8%
9.8%
% CHANGE
$8.76
$7.69
$7.40
$7.19
$7.08
$6.55
$5.35
$5.15
$4.91
$4.35
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NOTES: EMEA growth rates are derived from local currency denominated rent values; however, all of the rental rates have been converted to USD ($) denominated rates for comparison.
Prime/Class A Office in Downtown/CBD
2018
CITY
Peak Cycle Comparison of Rent Growth
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
% CHANGE
2008
Los Angeles County
Northern New Jersey
Houston
Central New Jersey
Inland Empire
Phoenix
Philadelphia
Chicago
Dallas-Fort Worth
Atlanta
$7.95
$6.81
$5.70
$5.33
$5.04
$4.75
$4.75
$4.65
$3.30
$3.96
EMEA
$/SF/Year | $=U.S. Dollar SF = Square Feet
HOME
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
Prime/Class A Office in Downtown/CBD
CITY
Americas - Canada
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
47.0%
17.3%
16.7%
2008
2018
$7.95
$6.81
$5.70
$5.33
$5.04
$4.75
$4.75
$4.65
$3.30
$3.96
Los Angeles County
Northern New Jersey
Houston
Central New Jersey
Inland Empire
Phoenix
Philadelphia
Chicago
Dallas-Fort Worth
Atlanta
$22.00
$30.13
$17.22
$12.42
AMERICAS
2018
Ten-Year Rent Growth Breakdown (2008-2018)
2008
$9.70
$6.85
$5.80
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
Disclaimer: The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
Prime Industrial/Warehouse/Distribution
APAC
Vancouver
Toronto
Ottawa
Montreal*
% CHANGE
Peak Cycle Comparison of Rent Growth
% CHANGE
CITY
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Prime/Class A Office in Downtown/CBD
$8.76
$7.69
$7.40
$7.19
$7.08
$6.55
$5.35
$5.15
$4.91
$4.35
79.8%
24.2%
99.1%
26.2%
% CHANGE
$39.55
$37.41
$34.28
$15.68
2008
CITY
Prime Industrial/Warehouse/Distribution
Americas - USA
10.2%
12.9%
29.8%
34.9%
40.5%
37.9%
12.6%
10.8%
48.8%
9.8%
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
$6.60
$5.84
$4.97
HOME
2008
% CHANGE
2018
OCCUPIER SERVICES
2018
EMEA
*Refer to Q4 2008
CITY
$/SF/Year | $=U.S. Dollar SF = Square Feet
Edmonton
Toronto
Montreal*
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00