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RANK CITY

COMPLETIONS (msf)

2017 - 2019

23

Houston

2.6

24

Calgary

2.4

25

Miami

2.3

26

Rio de Janeiro

1.4

27

Orlando

1.3

28

Portland

1.3

29

Montreal

1.0

30

Sacramento

0.8

31

San Diego

0.6

32

Edmonton

0.6

33

Vancouver

0.6

34

Ottawa

0.4

35

Winnipeg

0.3

36

Oakland

0.3

*Non-U.S. cities are CBD Class A demand/new supply.

U.S. cities are overall market statistics.

RANK CITY

*RENT GROWTH

2017 - 2019

1

Seattle

6.8%

2

Toronto

6.6%

3

Winnipeg

6.4%

4

Raleigh/Durham

4.8%

5

Oakland

4.2%

6

Portland

4.2%

7

Edmonton

4.0%

8

Chicago

3.8%

9

Vancouver

3.7%

10

Orange County

3.6%

11

Philadelphia

3.6%

12

São Paulo

3.4%

13

Silicon Valley

3.3%

14

Houston

3.1%

15

Tampa

2.9%

16

San Francisco

2.8%

17

Nashville

2.8%

18

Los Angeles

2.6%

19

Washington, DC

2.4%

20

Denver

2.4%

21

Phoenix

2.2%

22

San Diego

2.0%

23

Manhattan

2.0%

24

Orlando

1.9%

25

Miami

1.6%

26

Sacramento

1.5%

AMERICAS:

AVERAGE ANNUAL RENT GROWTH FORECAST

RANK CITY

*RENT GROWTH

2017 - 2019

27

Dallas

1.5%

28

Ottawa

1.3%

29

Baltimore

1.0%

30

Mexico City

0.8%

31

Montreal

0.4%

32

Atlanta

0.3%

33

Charlotte

-0.1%

34

Calgary

-0.7%

35

Rio de Janeiro

-0.8%

36

Boston

-1.1%

*Average annual growth rate, CBD Class A