Rental growth remains steady

Annual rental growth for prime offices across the 125 major markets covered by the JLL Global Office Index inched higher to 3.4% in Q2 2018, the strongest pace in two years. For the full-year 2018 rental growth is projected to remain stable at 3.4%, above the 10-year average of 1.9%.

Visualising Office Rental Performance

Global annual rental growth 2001 - 2018



Top 10 Cities by rental growth
  • 1 Year
  • 2 Years
  • 5 Years
  • 10 Years
1 Westchester County
18.7%
Utrecht
17.8%
2
3 Singapore
16.5%
4 San Antonio
14.5%
Oakland-East Bay
13.9%
5
6Osaka
13.4%
Melbourne
12.8%
7
8Berlin
12.5%
9Sydney
12.5%
Portland
11.7%
10
1Sydney
22.0%
Melbourne
16.2%
2
3 West Palm Beach
13.9%
San Francisco
Mid-Peninsula 12.4%
4
5Stockholm
12.2%
Portland
11.7%
6
7Oakland-East Bay
11.3%
8Osaka
11.2%
9Berlin
11.1%
Utrecht
11.0%
10
Oakland-East Bay
16.9%
1
San Francisco
Mid-Peninsula 14.0%
2
3Sydney
12.9%
Dublin
11.4%
4
5Stockholm
10.7%
6 West Palm Beach
8.7%
Orange County
8.6%
7
8 Raleigh-Durham
7.8%
9 Fort Lauderdale
7.8%
10Austin
7.8%
San Francisco
Mid-Peninsula 12.6%
1
2Jakarta
10.8%
Silicon Valley
7.0%
3
4Oakland-East Bay
6.9%
5Beijing
5.4%
6Stockholm
5.2%
7Austin
5.1%
8Seattle-Bellevue
5.0%
San Francisco
5.0%
9
10Cincinnati
4.6%
Source: JLL, July 2018
Note: 1 Year: Q2 2017 - Q2 2018; 2 Years: Q2 2016 - Q2 2018; 5 years: Q2 2013 - Q2 2018; 10 years: Q2 2008 - Q2 2018



Global Office Index
Source: JLL, July 2018