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Rental growth for prime office space rose by 3.0% year-on-year, the strongest annual growth since Q1 2012. Of the 95 major markets covered by the JLL Global Office Index, about 70% recorded rental uplifts over the past year. Quarter-on-quarter, rents increased by 0.8% in Q4 2014, compared to 0.5% in Q3.
Corporate demand for modern space is strengthening across all global regions. The technology sector has continued to drive both demand and rental performance, but activity in 2015 will be spread across a broader range of industry sectors. JLL is projecting prime rental growth to accelerate to in excess of 4% for the full-year 2015.
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Monday, February 16, 2015