Steady rental growth continues

Rental growth for prime offices across the 123 major markets covered by the JLL Global Office Index rose by 4.3% during the second quarter of 2019 from the same period the previous year, the fastest pace of annual growth since 2011. Aggregate rental growth is expected to remain positive in 2019, although slowing marginally to around 3% as supply options increase.

Visualising Office Rental Performance

Global annual rental growth 2001 - 2019



Top 10 Cities by rental growth
  • 1 Year
  • 2 Years
  • 5 Years
  • 10 Years
San Antonio
32.0%
1
2Nashville
30.2%
3Tampa
23.1%
4Boston
20.7%
Salt Lake City
20.3%
5
6 Osaka
18.1%
7Cairo
16.7%
Wellington
15.7%
8
9 Cologne
13.6%
Vancouver
13.3%
10
San Antonio
23.0%
1
2Osaka
15.7%
Nashville
14.8%
3
4Singapore
13.9%
5Berlin
12.6%
6 Tampa
12.5%
Vancouver
11.7%
7
8Boston
10.4%
9Atlanta
10.3%
10Utrecht
9.5%
1 Sydney
13.2%
Oakland-East Bay
12.0%
2
3 Osaka
11.1%
San Francisco
Mid-Peninsula 11.1%
4
5Stockholm
11.1%
6Berlin
10.0%
San Antonio
9.9%
7
Nashville
9.8%
8
9Atlanta
9.7%
10 West Palm Beach
9.1%
San Francisco
Mid-Peninsula 10.2%
1
2Jakarta
9.1%
San Francisco 8.3% 3
Silicon Valley
8.2%
4
5Beijing
8.1%
6Sydney
7.8%
7 Oakland-East Bay
7.1%
8Stockholm
6.9%
9Hong Kong
6.9%
10Nashville
6.4%
Source: JLL, July 2019
Note: 1 Year: Q2 2018 - Q2 2019; 2 Years: Q2 2017 - Q2 2019; 5 years: Q2 2014 - Q2 2019; 10 years: Q2 2009 - Q2 2019



Global Office Index
Source: JLL, July 2019