Prime rent growth accelerates worldwide
European markets had an overall average rate of growth of 4.3% in Q1, up from 1.2% a year earlier. Budapest and London achieved the highest rise in prime rents at 11.1% and 10.0%, respectively.

Supply-constrained Americas coastal hubs sustain exceptional year-over-year growth
With a vacancy rate of 1.6% and a relative lack of high-quality Class A product, Vancouver registered an all-time-high 29.1% year-over-year growth in prime I&L rent in Q1. In the U.S., Oakland and Seattle also saw robust prime rent growth at 14.0% and 13.4%, respectively.

Economic expansion and population growth drive demand in APAC
Year-over-year prime rent growth in Asia Pacific (APAC) was relatively strong in Q1 at 2.2%, compared with 1.4% growth a year ago. Seventeen of the 27 APAC markets tracked by CBRE Research had prime rent growth, while nine recorded decreases and one had no change.

Prime rent growth accelerates in major European hubs
European markets had an overall average rate of growth of 3.8% in Q1, up from 1.2% a year earlier. Budapest and London achieved the highest rise in prime rents at 11.1% and 10.0%, respectively.

 


CBRE Research: 2018 Global Industrial & Logistics Prime Rents | Major Report
CBRE Research: 2018 Global Industrial & Logistics Prime Rents | Major Report