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Five Trends to Watch

One

Real Estate Markets on Track for Robust 2018

Global real estate markets have maintained their momentum from the start of the year despite intensifying economic and political risks. Investment and corporate occupier activity are at their highest levels for more than a decade, and full-year performance is expected to match last year’s impressive results.

2018 Prospects

Capital Values

Capital Values 4-5% Increasing

Rents

Rents 3-4% Increasing

Development

Development 18% Peaking

Vacancy Rate

Vacancy Rate 11.9% Rising

Leasing

Leasing 41 m sqm Stable

Investment

Investment US$ 715bn Firm

Leasing, vacancy, development, rents and capital values relate to the office sector. Full-year 2018 forecast values. Capital values, rents and development figures refer to percentage change. Global vacancy rate - percentage value, leasing volumes in million square metres, investment volumes in US$ billions. Source: JLL, July 2018

Two

Two

Investor appetite for real estate continues unabated

Investor demand remains buoyant, with growing allocations to real estate and a strong appetite for scale. Shifting demographic and technology trends are fuelling interest in the logistics and alternatives sectors, which are seeing sustained growth in investment activity.

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City performance
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Three

Two

Growing emphasis on agility and technology supports rise of flexible space

Strong leasing conditions continue across the globe with take-up volumes at their highest second-quarter levels since 2007. Co-working and flexible space providers remain a leading source of demand and have accounted for 35% of leasing activity in the U.S., supported by changing corporate attitudes which are emphasising flexibility, agility and technology.

More on corporates

Four

Four

Demand for logistics space remains strong across the globe

Global logistics markets show no signs of slowing, with robust demand holding vacancy rates at record lows despite increasing new supply. Intense competition for quality space is driving an acceleration in rental growth which is expected to continue through the rest of the year.

More on logistics

Five

Four

Retail focuses on new ways to differentiate

Retailer demand remains selective and focused on existing stronger-performing stores in many markets, as a variety of traditional retailers continue to downsize store portfolios. This is leading landlords to look for new ways to differentiate themselves, while also opening opportunities for some smaller retailers to expand into newly vacated space.

More on retail

Global Market Perspective, August 2018

Chapters

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Investment Market

Investment Market

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Corporate Occupier Markets

Corporate Occupier Markets

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Offices

Offices

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Global Office Index

Global Office Index

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Retail

Retail

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Warehousing

Warehousing

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Hotels

Hotels

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Residential

Residential

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Downloads & Contacts

Global Market Perspective, August 2018

JLL's regular view on the impact of economic forces on property markets worldwide. It is a unique combination of updates from professionals on the ground and the insights of our leading research organization.
Read full report (PDF, 1.1 MB)



For more information, speak to one of our Research experts

Jeremy Kelly

Jeremy Kelly

Director, Global Research Programmes

Jeremy.Kelly@eu.jll.com

Matthew McAuley

Matthew McAuley

Senior Analyst, Global Research

Matthew.Mcauley@eu.jll.com

David Green-Morgan

David Green-Morgan

Director, Global Capital Markets Research

David.Green-morgan@ap.jll.com

Ben Breslau

Ben Breslau

Director - Head of Research, Americas

Benjamin.Breslau@am.jll.com

James Brown

James Brown

Director - Head of Research, EMEA

James.Brown@eu.jll.com

Megan Walters

Megan Walters

Director - Head of Research, Asia Pacific

Megan.Walters@ap.jll.com