The Global Real Estate Transparency Index 2024

Through thirteen editions spanning 25 years, JLL and LaSalle’s Transparency Index has become established as the industry’s most widely used benchmark for assessing market transparency and is an essential guide for cross-border investors, lenders, developers and occupiers of real estate – as well as government and industry bodies looking for international benchmarks.

The 2024 Index covers a wide range of topics that determine how transparent a real estate market is, from investment performance benchmarks and market data to transaction processes and sustainability metrics. This latest edition includes 151 cities in 89 countries and territories, presenting a uniquely global picture of real estate transparency.

The most transparent markets are pulling ahead

AI is enhancing transparency

Sustainability transparency at a turning point

What’s next for real estate transparency?

Sustainability transparency is becoming increasingly critical as the deadline to halve emissions by 2030 in line with the Paris Agreement nears and a growing number of countries and cities set out mandatory long-term decarbonization pathways. With new building energy performance standards, sustainability reporting requirements and corporate commitments ramping up, sustainability has been the largest driver of transparency improvements in 2024.

Despite the progress made so far, sustainability metrics continue to be among the least transparent globally. Many companies are still at an early stage in tracking their actual portfolio emissions, building level performance or climate risk, with a lack of standardized information and processes contributing to concerns about data quality and greenwashing. Markets with the clearest long-term pathway to more sustainable real estate – such as France, Japan, leading cities in the U.S., and the UK – will offer the most transparent and predictable environments, helping to address the significant shortfall in low-carbon buildings and allowing occupiers to make location and space decisions with confidence, governments to meet decarbonization targets and investors to future-proof their portfolios.