Global Prime Office Rent Tracker FAQ

The Global Prime Office Rent Tracker illustrates the prime office rent cycle for core locations that attract the highest rents, representing cities’ principal concentrations of major occupiers (usually the central business district). Each market may have more than one business district (e.g., London West End and London City) with varying characteristics and rent dynamics. Data is updated four to six weeks after the close of each quarter.

Prime rent cycle positions in this report are based on prime net rent or the nearest equivalent.

• Population: reflects the overall metropolitan area population except where noted.
• Overall CBD Office Market Size: millions of sq. ft. of net rentable area (NRA) for the CBD only and not the entire metropolitan area.
• Prime Office Submarkets: submarkets with the highest concentration of prime office buildings and nearby amenities that generally attract global blue-chip occupiers.
• Overall CBD Office Vacancy: reflects the current reporting period rate for the overall CBD office market.
• Overall CBD Office Rent Change (Y-o-Y): reflects the rate of change in local prime net rent or nearest equivalent over the preceding 12 months. These changes are calculated based on local currency values to avoid distortions from exchange rate fluctuations.