Growth in prime office rents continues in information technology and media hubs, with Stockholm, Amsterdam, Tel Aviv, New York and Seattle reporting significant rent increases, according to CBRE Research’s semiannual Global Prime Office Rents report. Globally, the world’s three most expensive office markets are in China, led by Hong Kong Central, followed by Beijing’s Finance Street and Hong Kong’s West Kowloon market. Notably, although Chinese companies’ demand for Hong Kong space weakened slightly, low vacancy ensured continued growth in prime office rents. Overall, global prime rents grew by 2.0%, led by the Americas (3.4%), followed by EMEA (1.3%) and APAC (1.2%).
Click to download the CBRE report.
