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Global Prime Office Occupancy Costs | June 2016


  • Hong Kong (Central) climbed to the top of CBRE’s semi-annual ranking of the world’s most expensive office markets, displacing London-Central (West End), which dropped to second place.
  • Globally, prime office occupancy costs increased 2.4% in the year ending Q1 2016, the same rate of growth reported in our December 2015 survey.
  • Costs in the Americas rose 2.3% on an annual basis, with four markets—Monterrey, Atlanta (Downtown), Seattle (Downtown) and Atlanta (Suburban)—logging double-digit percentage gains year-over-year.
  • In Asia Pacific, the impact of the China slowdown was muted, with region-wide costs rising 2.7% year-over-year, and several Chinese tier-one markets and Hong Kong either holding firm or notching gains.
  • Occupancy costs in EMEA increased 2.1% year-over-year, with Dublin, Stockholm and Barcelona the fastest-growing markets in the region. Most Central and Eastern European markets were down year-over-year, including Moscow.


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For more information please contact:

Richard Barkham, Ph.D.
Global Chief Economist, Head of Global Research & Head of Americas Research
+1 617 912 5215
Dr. Henry Chin
Global Head of Investor Thought Leadership
& Head of Research, APAC
+852 2820 8160
+852 2810 0830
Jennet Siebrits
Executive Director, Head of UK Research
+44 20 7182 2066
Jos Tromp
Head of Research Continental Europe| Head of Data Intelligence Continental Europe
+31 (0)20 626 26 91
+31 631 96 94 38
Dan Wagner
Head of Research, US Field Research and Data Intelligence
+1 404 9231238
Julie Whelan
Global Head of Occupier Thought Leadership
+1 617 912 5229

Global Prime Office Occupancy Costs June 2016