2021-06-14-莱坊-Global_Occupier_Market_Dashboard_Q2_2021_4页_3mb

Global Occupier Market Dashboard Summary - Q2 2021

Core Content Overview

This document provides a snapshot of office market indicators and occupancy costs across different regions globally for the second quarter of 2021. It includes data on prime rent and total occupancy cost (USD per square foot per annum) for various cities and regions. The data is sourced from Knight Frank Research / NKF Research.

Key Market Indicators

Europe

• Vienna (Austria): Prime rent = $33.91, Total occupancy cost = $41.09
• Brussels (Belgium): Prime rent = $34.24, Total occupancy cost = $46.20
• Prague (Czech Republic): Prime rent = $28.70, Total occupancy cost = $40.87
• Paris (France): Prime rent = $101.09, Total occupancy cost = $111.85
• Berlin (Germany): Prime rent = $52.51, Total occupancy cost = $57.23
• Munich (Germany): Prime rent = $51.52, Total occupancy cost = $56.41
• Budapest (Hungary): Prime rent = $31.96, Total occupancy cost = $48.72
• Milan (Italy): Prime rent = $65.22, Total occupancy cost = $70.98
• Barcelona (Spain): Prime rent = $36.52, Total occupancy cost = $46.09
• Madrid (Spain): Prime rent = $42.39, Total occupancy cost = $48.70
• Amsterdam (Netherlands): Prime rent = $51.63, Total occupancy cost = $58.70
• Warsaw (Poland): Prime rent = $32.61, Total occupancy cost = $39.13
• Dublin (Ireland): Prime rent = $67.28, Total occupancy cost = $83.59
• Bucharest (Romania): Prime rent = $23.48, Total occupancy cost = $28.04
• Moscow (Russia): Prime rent = $71.73, Total occupancy cost = $85.13
• Geneva (Switzerland): Prime rent = $105.12, Total occupancy cost = $74.55
• Zurich (Switzerland): Prime rent = $76.69, Total occupancy cost = $89.47
• London (City, UK): Prime rent = $72.50, Total occupancy cost = $107.62
• London (West End, UK): Prime rent = $115.00, Total occupancy cost = $162.70

Americas

• Buenos Aires (Argentina): Prime rent = $26.71, Total occupancy cost = $31.72
• São Paulo (Brazil): Prime rent = $25.92, Total occupancy cost = $33.60
• Rio de Janeiro (Brazil): Prime rent = $17.65, Total occupancy cost = $23.59
• Toronto (Canada): Prime rent = $28.13, Total occupancy cost = $48.79
• Mexico City (Mexico): Prime rent = $31.97, Total occupancy cost = $41.88
• Bogota (Colombia): Prime rent = $25.05, Total occupancy cost = $33.57
• Greater Metropolitan Area (Costa Rica): Prime rent = $26.41, Total occupancy cost = $34.91
• Panama City (Panama): Prime rent = $19.29, Total occupancy cost = $23.77
• Atlanta (USA): Prime rent = $32.00, Total occupancy cost = $45.00
• Austin (USA): Prime rent = $47.80, Total occupancy cost = $66.80
• Baltimore (USA): Prime rent = $20.71, Total occupancy cost = $34.39
• Boston (USA): Prime rent = $46.64, Total occupancy cost = $72.69
• Chicago (CBD, USA): Prime rent = $41.23, Total occupancy cost = $64.09
• Dallas (USA): Prime rent = $35.76, Total occupancy cost = $49.94
• Denver (USA): Prime rent = $39.81, Total occupancy cost = $65.00
• Houston (USA): Prime rent = $35.06, Total occupancy cost = $53.34
• Los Angeles (USA): Prime rent = $36.13, Total occupancy cost = $52.92
• Minneapolis (USA): Prime rent = $20.76, Total occupancy cost = $36.48
• New York City (Manhattan, USA): Prime rent = $129.39, Total occupancy cost = $169.39
• Northern New Jersey (USA): Prime rent = $22.85, Total occupancy cost = $33.85
• Orange County, California (USA): Prime rent = $35.74, Total occupancy cost = $49.44
• Philadelphia (USA): Prime rent = $35.40, Total occupancy cost = $47.58
• Phoenix (USA): Prime rent = $32.00, Total occupancy cost = $43.12
• Salt Lake City (USA): Prime rent = $28.57, Total occupancy cost = $38.96
• San Francisco (USA): Prime rent = $97.00, Total occupancy cost = $118.50
• Seattle (USA): Prime rent = $48.52, Total occupancy cost = $65.85
• Silicon Valley (South Bay, USA): Prime rent = $91.92, Total occupancy cost = $116.58
• South Florida (USA): Prime rent = $48.00, Total occupancy cost = $64.50
• St. Louis (USA): Prime rent = $31.72, Total occupancy cost = $45.42
• Washington DC (USA): Prime rent = $37.51, Total occupancy cost = $65.75

APAC

• Brisbane (Australia): Prime rent = $42.27, Total occupancy cost = $54.38
• Melbourne (Australia): Prime rent = $49.30, Total occupancy cost = $60.72
• Perth (Australia): Prime rent = $42.95, Total occupancy cost = $55.28
• Sydney (Australia): Prime rent = $82.86, Total occupancy cost = $97.83
• Phnom Penh (Cambodia): Prime rent = $29.32, Total occupancy cost = $37.73
• Beijing (China): Prime rent = $56.08, Total occupancy cost = $83.69
• Guangzhou (China): Prime rent = $32.08, Total occupancy cost = $54.62
• Shanghai (China): Prime rent = $43.42, Total occupancy cost = $67.18
• Shenzhen (China): Prime rent = $34.18, Total occupancy cost = $57.71
• Hong Kong SAR: Prime rent = $172.75, Total occupancy cost = $181.27
• Bengaluru (India): Prime rent = $19.44, Total occupancy cost = $25.90
• Mumbai (India): Prime rent = $45.54, Total occupancy cost = $52.00
• New Delhi (India): Prime rent = $54.87, Total occupancy cost = $61.32
• Jakarta (Indonesia): Prime rent = $23.11, Total occupancy cost = $27.82
• Tokyo (Japan): Prime rent = $88.30, Total occupancy cost = $113.40
• Kuala Lumpur (Malaysia): Prime rent = $16.24, Total occupancy cost = $19.77
• Auckland (New Zealand): Prime rent = $41.71, Total occupancy cost = $52.33
• Wellington (New Zealand): Prime rent = $32.32, Total occupancy cost = $43.46
• Manila (Philippines): Prime rent = $25.98, Total occupancy cost = $29.99
• Singapore: Prime rent = $88.84, Total occupancy cost = $102.71
• Seoul (South Korea): Prime rent = $35.85, Total occupancy cost = $87.38
• Bangkok (Thailand): Prime rent = $39.36, Total occupancy cost = $43.71

MEA

• Manama (Bahrain): Prime rent = $17.79, Total occupancy cost = $19.92
• Gaborone (Botswana): Prime rent = $13.30, Total occupancy cost = $15.34
• Cairo (Egypt): Prime rent = $32.36, Total occupancy cost = $36.82
• Accra (Ghana): Prime rent = $33.44, Total occupancy cost = $39.02
• Nairobi (Kenya): Prime rent = $13.20, Total occupancy cost = $22.90
• Kuwait City (Kuwait): Prime rent = $49.51, Total occupancy cost = $66.62
• Blantyre (Malawi): Prime rent = $8.79, Total occupancy cost = $12.58
• Lilongwe (Malawi): Prime rent = $13.38, Total occupancy cost = $18.18
• Lagos (Nigeria): Prime rent = $69.70, Total occupancy cost = $95.72
• Muscat (Oman): Prime rent = $16.94, Total occupancy cost = $18.97
• Doha (Qatar): Prime rent = $29.71, Total occupancy cost = $43.49
• Jeddah (Saudi Arabia): Prime rent = $24.58, Total occupancy cost = $27.03
• Riyadh (KAFD, Saudi Arabia): Prime rent = $47.07, Total occupancy cost = $54.13
• Cape Town (CBD, South Africa): Prime rent = $17.88, Total occupancy cost = $19.80
• Johannesburg Sandton (South Africa): Prime rent = $16.92, Total occupancy cost = $18.84
• Dar es Salaam (Tanzania): Prime rent = $16.68, Total occupancy cost = $27.60
• Abu Dhabi (Freezones, UAE): Prime rent = $49.87, Total occupancy cost = $56.20
• Dubai (DIFC, UAE): Prime rent = $53.94, Total occupancy cost = $64.30
• Kampala (Uganda): Prime rent = $16.17, Total occupancy cost = $23.60
• Lusaka (Zambia): Prime rent = $20.04, Total occupancy cost = $23.40
• Harare (Zimbabwe): Prime rent = $11.15, Total occupancy cost = $13.94

Main Points and Insights

• High Cost Markets: The highest prime rent and total occupancy costs were observed in Hong Kong SAR and New York City (Manhattan), with prime rents of $172.75 and $129.39 respectively.
• Low Cost Markets: The lowest costs were in Harare (Zimbabwe) and Blantyre (Malawi), with prime rents of $11.15 and $8.79 respectively.
• Regional Variations: The Americas and Europe showed relatively higher costs compared to APAC and MEA, although Asia-Pacific included some of the most expensive markets.
• India: Office rents and occupancy costs are calculated on a built-up area basis, not carpet area, which is different from other regions.
• Australia: Rent and occupancy cost data is now quoted on a headline basis, not net effective, which may reflect changes in market reporting standards.

Key Information Notes

• Data Source: Knight Frank Research / NKF Research
• Unit of Measurement: USD per square foot per annum
• Definitions:
  • Prime Rent: The average rent for prime office locations.
  • Total Occupancy Cost: Includes prime rent and other costs such as utilities, taxes, and management fees.
• Disclaimer: The report is for general information only and should not be relied upon for decision-making. Knight Frank LLP does not accept liability for any use of the data.

Contact Information

• William Beardmore-Gray
  Partner, Global
  +44 20 7861 1308
  william.beardmore-gray@knightfrank.com

• Tim Armstrong
  Partner, APAC
  +65 6429 3531
  tim.armstrong@asia.knightfrank.com

• Colin Fitzgerald
  Partner, EMEA
  +44 20 7861 1203
  colin.fitzgerald@knightfrank.com

• Joey Vlasto
  Partner, North America
  +16464413738
  jvlasto@ngkf.com

• Matt Hayes
  Research Analyst
  +441614700615
  matt.hayes@knightfrank.com

Additional Notes

• Knight Frank Research Reports are available at knightfrank.com/research.
• The document includes a market pendulum image and a related image for the dashboard, which are not included in the text summary.