Rental growth on course for strongest year since 2011

Annual rental growth for prime offices across the 125 major markets covered by the JLL Global Office Index accelerated to 4.2% in Q3 2018, and is on track to reach 3.7% for the full year, which would represent the strongest annual uplift since 2011. Aggregate rental growth is expected to remain positive in 2019, although slowing to around 2.4% 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
1 San Antonio
55.2%
2 Cairo
40.0%
3 Westchester County
20.7%
4Osaka
16.6%
Utrecht
15.2%
5
6 Singapore
14.4%
San Francisco
Mid-Peninsula 13.5%
7
Oakland-East Bay
13.3%
8
Guangzhou
12.5%
9
10Berlin
12.1%
1 San Antonio
24.7%
2Sydney
19.4%
San Francisco
Mid-Peninsula 14.0%
3
Melbourne
13.8%
4
5Osaka
12.8%
Portland
10.8%
6
7Berlin
10.7%
Amsterdam
10.2%
8
9Madrid
10.2%
10Oakland-East Bay
10.2%
1Oakland-East Bay
15.8%
San Francisco
Mid-Peninsula 14.3%
2
3Sydney
13.4%
4 San Antonio
12.1%
Dublin
11.4%
5
6Stockholm
11.0%
Austin
8.3%
7
Orange County
8.3%
8
9Osaka
8.1%
10Berlin
8.1%
San Francisco
Mid-Peninsula 12.4%
1
2Jakarta
10.4%
Silicon Valley
8.1%
3
4Oakland-East Bay
6.9%
5 San Antonio
6.1%
6Beijing
5.8%
San Francisco
5.4%
7
8Stockholm
5.3%
9Austin
5.3%
10Seattle-Bellevue
5.0%
Source: JLL, October 2018
Note: 1 Year: Q3 2017 - Q3 2018; 2 Years: Q3 2016 - Q3 2018; 5 years: Q3 2013 - Q3 2018; 10 years: Q3 2008 - Q3 2018



Global Office Index
Source: JLL, October 2018