APAC
119.4%
Shenzhen
25% Growth
APAC
Top Three Industrial Markets Worldwide for Rent Growth
92.9%
Beijing
Ottawa
OFFICE
119.4%
AMERICAS
Hong Kong
Ten-Year Rent Growth Breakdown (2008-2018)
23 of 41 markets
19 of 44 markets
INDUSTRIAL
(SWEDEN)
75.0%
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.
25% Growth
83.5%
Stockholm
25% Growth
25% Growth
Ten-Year Rent Growth Breakdown (2008-2018)
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OFFICE
99.1%
80.2%
83.5%
INDUSTRIAL
Guanghzou
APAC
EMEA
19 of 44 markets
80.2%
Ottawa
(CANADA)
Shenzhen
23 of 41 markets
(CHINA)
EMEA
10 of 44 markets
Peak Cycle Comparison of Rent Growth
Beijing
Guanghzou
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KEY DATA POINTS
10% Growth
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14 of 41 markets
APAC
Peak Cycle Comparison of Rent Growth
AMERICAS
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.
EMEA
75.0%
Top Three Office Markets Worldwide for Rent Growth
10% Growth
OCCUPIER SERVICES
(CHINA)
APAC
Ten-Year Rent Growth Breakdown (2008-2018)
APAC
EMEA
KEY DATA POINTS
99.1%
(CHINA)
APAC
KEY DATA POINTS
EMEA
10 of 44 markets
(CHINA)
(SWEDEN)
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14 of 41 markets
APAC
APAC
(CHINA)
Copyright © 2019 | Colliers International
(CHINA)
OCCUPIER SERVICES
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
92.9%
(CHINA)
CAN
(CANADA)
Stockholm
Hong Kong
Top Three Industrial Markets Worldwide for Rent Growth
10% Growth
(CHINA)
Top Three Office Markets Worldwide for Rent Growth
APAC
APAC
CAN
10% Growth
KEY DATA POINTS
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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% CHANGE
% CHANGE
2008
$8.76
$7.69
$7.40
$7.19
$7.08
$6.55
$5.35
$5.15
$4.91
$4.35
Americas - USA
CITY
$7.95
$6.81
$5.70
$5.33
$5.04
$4.75
$4.75
$4.65
$3.30
$3.96
CITY
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
2018
Los Angeles County
Northern New Jersey
Houston
Central New Jersey
Inland Empire
Phoenix
Philadelphia
Chicago
Dallas-Fort Worth
Atlanta
CITY
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
2018
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
$/SF/Year | $=U.S. Dollar SF = Square Feet
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
% CHANGE
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
2010
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
Prime/Class A Office in Downtown/CBD
APAC
Prime Industrial/Warehouse/Distribution
AMERICAS
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
*Net Rent
2018
2018
Peak Cycle Comparison of Rent Growth
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
2008
2018
CITY
Los Angeles County
Northern New Jersey
Houston
Central New Jersey
Inland Empire
Phoenix
Philadelphia
Chicago
Dallas-Fort Worth
Atlanta
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
$8.76
$7.69
$7.40
$7.19
$7.08
$6.55
$5.35
$5.15
$4.91
$4.35
Prime/Class A Office in Downtown/CBD
$7.95
$6.81
$5.70
$5.33
$5.04
$4.75
$4.75
$4.65
$3.30
$3.96
% CHANGE
2010
% CHANGE
Prime Industrial/Warehouse/Distribution
OCCUPIER SERVICES
2008
2008
KEY DATA POINTS
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
AMERICAS
% CHANGE
Ten-Year Rent Growth Breakdown (2008-2018)
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
EMEA
Americas - USA
CITY
CITY
Prime/Class A Office in Downtown/CBD
2018
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
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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% CHANGE
$/SF/Year | $=U.S. Dollar SF = Square Feet
HOME
EMEA
NOTES: EMEA growth rates are derived from local currency denominated rent values; however, all of the rental rates have been converted to USD ($) denominated rates for comparison.
Prime/Class A Office in Downtown/CBD
2008
% CHANGE
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
Prime Industrial/Warehouse/Distribution
CITY
2008
2018
Los Angeles County
Northern New Jersey
Houston
Central New Jersey
Inland Empire
Phoenix
Philadelphia
Chicago
Dallas-Fort Worth
Atlanta
Peak Cycle Comparison of Rent Growth
$8.76
$7.69
$7.40
$7.19
$7.08
$6.55
$5.35
$5.15
$4.91
$4.35
$7.95
$6.81
$5.70
$5.33
$5.04
$4.75
$4.75
$4.65
$3.30
$3.96
10.2%
12.9%
29.8%
34.9%
40.5%
37.9%
12.6%
10.8%
48.8%
9.8%
OCCUPIER SERVICES
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
2018
CITY
Americas - USA
APAC
AMERICAS
Ten-Year Rent Growth Breakdown (2008-2018)
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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Vancouver
Toronto
Ottawa
Montreal*
OCCUPIER SERVICES
$8.76
$7.69
$7.40
$7.19
$7.08
$6.55
$5.35
$5.15
$4.91
$4.35
$22.00
$30.13
$17.22
$12.42
$39.55
$37.41
$34.28
$15.68
79.8%
24.2%
99.1%
26.2%
Americas - USA
Edmonton
Toronto
Montreal*
$6.60
$5.84
$4.97
2018
CITY
2018
CITY
San Francisco
Manhattan
Washington DC
Boston
Houston
Seattle
Chicago
Los Angeles
Atlanta
Dallas
*Refer to Q4 2008
$56.17
$75.42
$50.92
$60.26
$38.35 $36.20
$40.00
$36.42 $27.69
$26.00
EMEA
Prime Industrial/Warehouse/Distribution
HOME
% CHANGE
$/SF/Year | $=U.S. Dollar SF = Square Feet
2008
Peak Cycle Comparison of Rent Growth
2018
2008
10.2%
12.9%
29.8%
34.9%
40.5%
37.9%
12.6%
10.8%
48.8%
9.8%
Americas - Canada
$7.95
$6.81
$5.70
$5.33
$5.04
$4.75
$4.75
$4.65
$3.30
$3.96
CITY
2008
Prime/Class A Office in Downtown/CBD
Prime/Class A Office in Downtown/CBD
$9.70
$6.85
$5.80
47.0%
17.3%
16.7%
% CHANGE
% CHANGE
% CHANGE
2008
$78.09
$78.06
$61.42
$61.14
$46.34
$45.63
$45.47
$42.82
$32.80
$27.40
Prime Industrial/Warehouse/Distribution
39.0%
3.5%
20.6%
1.5%
20.8%
26.0%
13.7%
17.6%
18.5%
5.4%
APAC
CITY
AMERICAS
Los Angeles County
Northern New Jersey
Houston
Central New Jersey
Inland Empire
Phoenix
Philadelphia
Chicago
Dallas-Fort Worth
Atlanta
Ten-Year Rent Growth Breakdown (2008-2018)
2018
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.