09.11.2012 - Rentals in globalised cities worldwide are expected to register single-digit growth
The office rental markets in Beijing, San Francisco, London, Tokyo, Moscow, Hong Kong and Sydney are tipped to register strong rental growth prospects in 2013, says Jones Lang LaSalle’s latest Global Office Index. Other top-performing markets to watch out for are Jakarta, Mexico City, and Rio de Janeiro while tech-rich markets such as San Francisco and Stockholm are also performing well, said Jeremy Kelly, Director in Jones Lang LaSalle’s Global Research team. “The BRIC (Brazil, Russia, India and China) and MIST (Mexico, Indonesia, South Korea and Turkey) office hubs registered the fastest rental growth,” said Kelly, adding that 2013 will see a stable outlook for global prime office rental growth with the majority of major markets expected to register single-digit rental growth...............................................Full Article: Source
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