Robust rental growth continues

Rental growth for prime offices across the 124 major markets covered by the JLL Global Office Index rose by 4.1% during the first quarter of 2019 from the same period the previous year, the fastest pace of annual growth since 2012. 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
32.6%
1
2Nashville
27.6%
3Tampa
18.4%
4Osaka
18.2%
5 Cairo
16.7%
6 Boston
15.5%
7Wellington
13.7%
Minneapolis
13.3%
8
9 Singapore
12.9%
Oakland-East Bay
12.6%
10
San Antonio
21.7%
1
2Osaka
15.1%
3 Singapore
13.5%
4Sydney
11.2%
5Utrecht
10.8%
Nashville
10.6%
6
Amsterdam
10.3%
7
8Berlin
10.2%
9Tampa
9.9%
10Atlanta
9.7%
1 Oakland-East Bay
14.8%
2Sydney
13.3%
San Francisco
Mid-Peninsula 12.0%
3
4Stockholm
10.8%
San Antonio
10.4%
5
6Osaka
10.3%
7Atlanta
9.2%
8Berlin
9.1%
9Nashville
9.0%
Barcelona
8.2%
10
San Francisco
Mid-Peninsula 9.6%
1
2Jakarta
8.2%
Silicon Valley
7.8%
3
San Francisco 7.5% 4
5Beijing
7.3%
6 Oakland-East Bay
7.1%
7Stockholm
6.5%
8Sydney
6.4%
9Nashville
5.9%
10Austin
5.6%
Source: JLL, April 2019
Note: 1 Year: Q1 2018 - Q1 2019; 2 Years: Q1 2017 - Q1 2019; 5 years: Q1 2014 - Q1 2019; 10 years: Q1 2009 - Q1 2019



Global Office Index
Source: JLL, April 2019