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Sydney Tops Asia Pacific Region For Rental Growth

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Sydney outperformed the Asia Pacific region in the final quarter of 2015 for quarterly rental growth, recording a 5.4 per cent uplift in rents compared to the average 1.3 per cent growth across the region.

In the global rankings for Q4 2015, Sydney was 7th for quarterly rental growth for prime office space across 95 major office markets monitored by JLL’s

Global Office Index.

The Global Office Index notes that rents on prime office assets across the 95 major markets covered showed an increase of 3.7 per cent year-on-year in Q4 2015 – the fastest annual pace of growth in four years.

Despite economic and geopolitical concerns, corporate occupiers remain in growth mode and there will continue to be progress towards expansion demand as tenants move away from cost containment, consolidation and renewals.

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Article originally posted at: https://https://theurbandeveloper.com/articles/37661