Sydney recorded office rental growth of 28.9% in the year to March, the strongest rate of growth in the world according to the JLL Global Office Index.
Sydney recorded the world's strongest growth in office rents in the year to March 2017, according to the JLL Global Office Index.
In the year to March 2017, Sydney recorded office rental growth of 28.9 per cent, followed by Stockholm at 20.8 per cent, and Nashville with 17.8 per cent.
Melbourne came fifth, recording annual office rental growth of 14.8 per cent growth.
JLL Global Office Index, annual rental growth (Q1 2016 - Q1 2017)
Source: JLL Global Office Index.
"Supported by a strong New South Wales economy, a number of industries drove leasing demand and rental growth in Sydney," the JLL Global Office Index report says.
Sydney's office rental growth rose 9.4 per cent for the quarter, compared with total growth of 1 per cent for the Asia Pacific region.
Download the JLL Global Office Index report in full here.
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