SİNGAPORE OFFİCE

According to the JLL Global Office Index Q3 2016 report, annual rental growth in prime office assets across the 110 major market increased by 2.9 percent in Q3 2016.

Quarter-onquarter, rents rose by 0.5% compared to 0.8% in Q2 2016. Global office demand has remained steady in many of the world’s dominant commercial real estate markets in spite of various political and economic headwinds, with global leasing volumes during the third quarter broadly in line with the previous quarter, although they were down 7% on the exceptional levels of 2015. As new supply comes through
and more markets move into balance, there is increasing evidence that the global office vacancy rate is flattening out, having fallen steadily since Q3 2010.

Global leasing volumes for the full-year 2016 are projected to b​​e up to 5% lower than 2015 and are forecast to remain broadly stable in 2017, with robust leasing activity anticipated in the U.S. and core Europe.

With 2017 expected to see the peak of the current development cycle, JLL forecasts prime rental growth of around 2%-3% for the full-year 2016, softening further in 2017 to around 2%.

Four US cities in the Global Top 10 Broad-based demand across industries and sectors has contributed to diversified markets such as Baltimore and Fairfield County joining technology hubs Oakland-East Bay and Austin among the top performers.

Top 10 Office Rental Performers, Q3 2016:

Quarterly

1- Stockholm +6.9%
2- Melbourne +5.7%
3- Sydney +5.5%
4- Buenos Aires +4.8%
5- Detroit +4.7%
6- Baltimore +4.5%
7- Berlin +3.9%
8- San Diego +3.9%
9- Paris +3.4%
10-Prague +2.6%

Annual

1- Stockholm +29.2%
2- Oakland-Eastbay +26.1%
3- Buenos Aires +21.7%
4- Dubai +20.0%
5- Sydney +19.7%
6- Berlin +15.2%
7- Fairfield Country +10.5%
8- Budapest +10.0%
9- Baltimore +9.9%
10-Austin +9.8%

Source:JLL

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