CBRE report reveals prime occupancy costs on the rise globally

Global prime occupancy costs are on the rise, according to a report from CBRE. As occupiers seek space in markets with robust infrastructure and social amenities, occupancy costs have risen to new heights, according to the report.

 As of March, costs have increased globally by 3.6 percent, up from the 2.4 percent rate in 2018, and surpassing the 2 percent rate forecasted by CBRE. Asia Pacific’s growth rate was 3.3 percent, Europe increased by 3.5 percent, and the Americas increased by 3.7 percent.

To read the full report, click here.