Global Market Perspective, May 2018
Office Index

Rental growth accelerates

Rental growth for prime offices across the 125 major markets covered by the JLL Global Office Index continued to accelerate in the first quarter of 2018 and is now rising by 3.2% year-on-year, the strongest rate since Q2 2016. For the full-year 2018 rental growth is projected to average close to 3%, well 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

1Sydney
17.4%

Melbourne
15.2%2

3 Westchester County
14.7%

4 Brussels
14.5%

5 Singapore
14.5%

Utrecht
13.6% 6

7Stockholm
12.5%

8Osaka
12.1%

9 West Palm Beach
12.0%

Raleigh-Durham
11.3% 10

1Sydney
23.0%

2Stockholm
16.6%

Melbourne
15.0%3

4Berlin
13.7%

5 West Palm Beach
12.4%

San Francisco
Mid-Peninsula 10.4%6

7Osaka
10.0%

8 Fort Lauderdale
9.9%

Barcelona
8.9%9

Portland
8.8%10

1Oakland-East Bay
14.3%

Dublin
13.4%2

San Francisco
Mid-Peninsula 13.1%3

4Sydney
11.7%

5Stockholm
10.4%

Orange County
8.3% 6

7Austin
7.9%

8 Fort Lauderdale
7.5%

9Berlin
7.1%

10 Raleigh-Durham
7.1%

San Francisco
Mid-Peninsula 11.7%1

2Jakarta
11.3%

Silicon Valley
7.5%3

4Austin
5.8%

5Oakland-East Bay
5.7%

6Stockholm
5.3%

7Beijing
5.3%

8Cincinnati
4.5%

9Manila
4.3%

San Francisco
4.2%10

Global Office Index