Knight Frank – Prime Global Rental Index Q1 2015

Knight Frank’s Prime Global Rental Index recorded marginal growth of 1.3 percent in the year to March, its slowest rate of growth since the first quarter of 2010.

Results for Q1 2015

  • The index rose by 1.3 percent in the year to March 2015, down from 3.5 percent a year earlier
  • Tokyo leads the annual rankings for the second consecutive quarter with prime rents up 8.1 percent
  • Cities in emerging markets such as Nairobi and Dubai have seen a slowdown in rental growth
  • Africa and North America recorded the strongest rise in prime rents of the world regions, rising on average by 4.3 percent and 3.2 percent respectively on an annual basis
  • Dubai recorded its first quarterly fall in prime rents since 2011, down 0.6 percent in the first three months of 2015

Kate Everett-Allen, Partner, Residential Research says:

“A year ago prime rents globally were rising on average by 3.5 percent per annum but the global average has now slipped to 1.3 percent.”

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