Learn more about the Global Prime Office Rent Tracker’s data.
Frequently Asked Questions
Rent cycle position represents prime net rent or the nearest equivalent. There are four broad categories: Growth Accelerating, Growth Slowing, Decline Accelerating and Decline Slowing.
Rents at Peak: Rents are at their peak and are expected to decline over the next 6-12 months
Rental Decline Accelerating: Rents have started to fall, and the rate of decline is expected to accelerate over the next 6-12 months.
Rental Decline Moderating: The rate of rental decline is at its peak. Rents are expected to continue declining but at a slower rate.
Rental Decline Slowing: The rate of rental decline has slowed. Rents are not yet at their trough, and are expected to decline further, but at a slower rate.
Rents at Trough: Rents are at their trough. The next movement is expected to be upwards.
Rental Growth Accelerating: Rents have started to rise, and the rate of increase is expected to accelerate over the next 6-12 months.
Rental Growth Moderating: The rate of rental growth is at its peak. Rents are expected to continue rising but at a slower rate.
Rental Growth Slowing: The rate of rental growth has slowed. Rents are not yet at their peak, and are expected to increase further, but at a slower lower rate.
Rents at Peak Plateau: Rents are at their peak and are considered to have reached a plateau. Marginal further growth still possible, but a significant decline not yet expected.
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.
The Global Prime Office Rent Tracker is intended to illustrate the office rent cycle for core locations that attract the highest rents, representing cities’ principal concentrations of major occupiers—generally, the central business district (CBD). In a given market there may be more than one business district (e.g., London West End and London City), each with unique characteristics and rent dynamics. Data is updated after the close of each quarter.
New York - Midtown
Ho Chi Minh City
London West End
Central & Eastern Europe