Update: Peak of the Cycles – 2008 and 2020

by | 27 October 2020

Comparison of rent growth across more than 40 markets

Last year, Occupier Services published a comparison of rent growth between peaks of cycles (2008 and 2018) in primary office and industrial markets in the Americas, EMEA and APAC regions.

This year, we have updated to compare rent growth from 2008 to 2020. Rent growth is expressed as an annual percentage increase or decrease based on local currency denominated rents to remove the impact of exchange rates.

Rental rates have climbed at least 25% in 15 of 44 office markets and 13 of 40 industrial markets.

Top 3 Office Markets Worldwide for Rent Growth:

  • 8% | Vancouver, Canada
  • 2% | Beijing, China
  • 7% | Sydney, Australia

Top 3 Industrial Markets Worldwide for Rent Growth:

  • 5% | Hong Kong, China
  • 0% | Guangzhou, China
  • 7% | Toronto, Canada

View our interactive site here or download a copy of the report here.