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Rental momentum slowing into 2017
Annual rental growth on prime office assets across the 110 major markets covered by the JLL Global Office Index slowed to 2.9% in Q3 2016, down from 3.4% in Q2. Global leasing volumes for the full-year 2016 are projected to be up to 5% lower than 2015 and are forecast to remain broadly stable in 2017, with robust leasing activity anticipated in the U.S. and core Europe. With 2017 expected to see the peak of the current development cycle, JLL forecasts prime rental growth of around 2%-3% for the full-year 2016, softening further in 2017 to around 2%.
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Wednesday, November 09, 2016