Rental growth registers strongest year since 2011

Annual rental growth for prime offices across the 124 major markets covered by the JLL Global Office Index rose 4.0% in 2018, the fastest pace since 2011. Aggregate rental growth is expected to remain positive in 2019, although slowing to around 2%-3% as supply options increase.

Visualising Office Rental Performance

Global annual rental growth 2001 - 2019



Top 10 Cities by rental growth
  • 1 Year
  • 2 Years
  • 5 Years
  • 10 Years
San Antonio
60.4%
1
2Nashville
28.3%
3 Cairo
25.0%
4Osaka
16.6%
5Wellington
14.2%
6Berlin
13.3%
7Chennai
12.9%
8 Singapore
12.1%
9 Fort Lauderdale
12.1%
San Francisco
Mid-Peninsula 12.0%
10
San Antonio
28.6%
1
2Sydney
15.8%
3Osaka
13.4%
4Nashville
13.0%
5West Palm Beach
12.6%
6Berlin
12.2%
Melbourne
10.6%
7
Oakland-East Bay
10.5%
8
9 Singapore
10.5%
10Stockholm
10.0%
1 Oakland-East Bay
14.1%
2Sydney
13.9%
San Francisco
Mid-Peninsula 13.5%
3
San Antonio
13.0%
4
Dublin
11.4%
5
6Stockholm
11.3%
7Nashville
9.5%
8Berlin
9.1%
9Osaka
9.1%
10West Palm Beach
8.9%
San Francisco
Mid-Peninsula 12.8%
1
2Jakarta
8.8%
Oakland-East Bay
7.0%
3
Silicon Valley
7.0%
4
5 San Antonio
6.8%
6Beijing
6.5%
San Francisco
Mid-Peninsula 6.4%
7
8Stockholm
6.2%
9Nashville
6.0%
10Austin
5.6%
Source: JLL, January 2019
Note: 1 Year: Q4 2017 - Q4 2018; 2 Years: Q4 2016 - Q4 2018; 5 years: Q4 2013 - Q4 2018; 10 years: Q4 2008 - Q4 2018



Global Office Index
Source: JLL, January 2019