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Update: Peak of the Cycles – 2008 and 2020

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Comparison of rent growth across more than 40 markets

Last year, Occupier Services published a comparison of rent growth between peaks of cycles (2008 and 2018) in primary office and industrial markets in the Americas, EMEA and APAC regions.

This year, we have updated to compare rent growth from 2008 to 2020. Rent growth is expressed as an annual percentage increase or decrease based on local currency denominated rents to remove the impact of exchange rates.

Rental rates have climbed at least 25% in 15 of 44 office markets and 13 of 40 industrial markets.

Top 3 Office Markets Worldwide for Rent Growth:

  • 8% | Vancouver, Canada
  • 2% | Beijing, China
  • 7% | Sydney, Australia

Top 3 Industrial Markets Worldwide for Rent Growth:

  • 5% | Hong Kong, China
  • 0% | Guangzhou, China
  • 7% | Toronto, Canada

View our interactive site here or download a copy of the report.

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Update: Peak of the Cycles – 2008 and 2020

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Doug Henry

Managing Director | Occupier Services


Doug has over 30 years’ experience in occupier and institutional real estate and currently leads the Australian Occupier Services business at Colliers International. That comprises business specialising in occupier needs: tenant advisory, portfolio and transaction management and workplace management services. Doug's focus is on building long term strategic partnerships with major occupier clients and developing a highly coordinated approach to account management and delivering Real Estate solutions that align to business strategy. 

Doug's extensive experience in Workplace Strategy, Property Management, Occupier Negotiations and Integrated Facilities Management and Account Management enables him to focus the considerable resources of the Occupier Services team to achieve measurable results for the clients he works with.


  • Tenant Advisory
  • Industrial Advisory
  • Project Management
  • Facilities Management
  • Occupier Technology
  • Outsourcing
  • Workplace Management
  • Account Management
  • Integration of business units
  • Occupier Research
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