CBD Premium and Grade A office rents inched up 2.6% in Q2

Submitted By:  Luz Wendy Noble Case Study:  No CBD rents could further spike to around 10% to 12% in 2018. Central Business District (CBD) Premium and Grade A office rents rose 2.6% QoQ to $8.82 psf pm in Q2 2018, Colliers’ International said. The increase is slower than the 4.8% QoQ growth recorded in Q1. “We view the slower pace of rent increase as a momentary consolidation following the leasing market’s rapid recovery which saw an 11% YoY growth from Q2 2017,” Colliers International head of office services Duncan White commented. read more