A Cushman & Wakefield Research Publication - 2017 Global Forecast
60% of world’s construction will take place in APAC
GLOBAL TOP 25: OFFICE VACANCY
AVERAGE VACANCY 2016
AVERAGE VACANCY 2019
RANK 2016
RANK 2019
MARKET
Manila Vienna Berlin Tokyo Munich Toronto
1 2 3 4 5 6 7 8 9
2.3% 3.0% 3.3% 3.9% 4.3% 4.3% 4.3% 4.4% 4.9% 5.2% 5.4% 5.7% 6.0% 6.1% 6.2% 6.3% 6.4% 6.5% 6.6% 7.0% 7.8% 8.0% 8.1% 8.1% 8.6%
12 10
6.9% 6.7% 3.1% 6.7% 3.3% 3.9% 7.4% 4.8% 5.9% 6.3% 4.5% 8.5% 2.4% 4.3% 7.8% 7.3% 10.3% 17.6% 16.8% 11.5% 12.4% 10.2%
2
11
3 4
Winnipeg
15
London
7 8 9
Luxembourg Vancouver
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Nashville
32 75
Ho Chi Minh City
Bangkok Singapore
6
21
Sydney
1 5
Bengaluru Melbourne
17 14 74 45 50 31 16 43 20
Ottawa Beijing
Hong Kong
Seattle
San Francisco Raleigh/Durham
7.7%
Hyderabad
11.5%
Paris
8.2%
For full list of global rankings, see appendix .
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