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