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Leasing levels move in line with investor activity
Corporate occupiers are in expansion mode in the majority of global commercial centres, with robust levels of global leasing activity. Rents on prime office assets across the 95 major markets covered by the JLL Global Office Index increased by 2.5% year-on-year in Q3 2015, with annual rental uplift recorded in about two-thirds of all markets. Sustained global occupier demand and a development pipeline well below that of previous peaks will drive further rental increases and JLL predicts that prime rental growth will continue to accelerate to around 4% by year-end 2016.
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Monday, November 09, 2015