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      Cost Increases Signal Economic Momentum

      Global Prime Office Occupancy Costs | December 2014

      Summary

      The cost to occupy prime office space keeps rising. One reason why: global, multinational organizations need the highest-grade, best-located properties to attract and retain top talent—and are willing to pay a premium to obtain it.

      Of the 126 office markets tracked around the globe, over half (74 markets) saw annual increases in prime occupancy costs, 26% (33 markets) registered declines and 15% (19 markets) saw no change. Of the 74 markets with occupancy cost growth, 13 saw increases of at least 10%, led by Dublin, Manila and Seattle (Suburban).

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      Infographic

      Global Prime Office Occupancy Cost Report December 2014 Infographic

      Global Prime Office Occupancy Costs

      For more information about this report, please contact:

      Richard Barkham, Ph.D.
      Global Chief Economist & Head of Americas Research
      +1 617 912 5215
      Spencer Levy
      Chairman, Americas Research & Senior Economic Advisor
      +1 617 9125236
      Henry Chin, Ph.D.
      Head of Research
      Asia Pacific/EMEA
      Research
      +852 2820 8160
      +852 2810 0830
      Neil Blake, Ph.D.
      Global Head, Forecasting and Analytics
      +44 20 7182 2133
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