Insights & Research
Global Prime Office Rent Tracker FAQ
Learn more about the Global Prime Office Rent Tracker’s data.
Frequently Asked Questions
The Global Prime Office Rent Tracker illustrates the prime office rent cycle for core locations that attract the highest rents, representing cities’ principal concentrations of major occupiers (usually the central business district). Each market may have more than one business district (e.g., London West End and London City) with varying characteristics and rent dynamics. Data is updated four to six weeks after the close of each quarter.
- Rents at Peak: Rents have reached a peak plateau. Marginal further growth is still possible, while a significant decline is not yet expected.
- Rent Decline Accelerating: Rents are falling and the rate of decline is expected to accelerate over the next six to 12 months.
- Rent Decline Slowing: The rate of rent decline has slowed from the past six to 12 months. Rents have not yet bottomed out and are expected to decline at a slower rate.
- Rents at Trough: Rents are at their trough and the next movement is expected to be an increase.
- Rent Growth Accelerating: Rents are rising and the rate of increase is expected to accelerate over the next six to 12 months.
- Rent Growth Moderating: The rate of rent growth has slowed from the past six to 12 months. Rents have not yet peaked and are expected to increase at a slower rate.
- Population: reflects the overall metropolitan area population except where noted.
- Overall CBD Office Market Size: displayed in millions of sq. ft. and reflects the CBD only and not the entire metropolitan area.
- Prime Office Submarkets: submarkets with the highest concentration of prime office buildings and nearby amenities that generally attract global blue-chip occupiers.
- Overall CBD Office Vacancy: reflects the current reporting period rate for the overall CBD office market.
- Overall CBD Office Rent Change (Y-o-Y): reflects the rate of change in local prime net rent or nearest equivalent over the preceding 12 months. These changes are calculated based on local currency values to avoid distortions from exchange rate fluctuations.
New York - Midtown
- Latin America
- Asia Pacific
- North Asia
- Southeast Asia
Ho Chi Minh City
- Western Europe
- United Kingdom
London West End
- Central & Eastern Europe
- Western Europe