
Global Occupier Markets: Prime Office Costs – Q4 2024
"Modest net effective cost growth this quarter closes out the year as 2025 looks to see continued demand and strength in prime office markets globally"
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"Modest net effective cost growth this quarter closes out the year as 2025 looks to see continued demand and strength in prime office markets globally"

"In a fast-changing world, life sciences occupiers reassess how real estate strategies can help them to stay ahead of the competition by accessing the right talent, delivering product to market, supporting cost optimisation, and driving environmental sustainability."

"We identify the industry-leading clusters in our index of the top 30 life sciences markets, based on key macro- and micro-factors shaping location strategy"

"Our index focuses on the top 30 markets, but there are many more developing life science hotspots"

"Our index focuses on the top 30 markets, but there are many more developing life science hotspots."

"Access to talent is paramount in site selection across all regions."

"Choosing the most appropriate location for life sciences talent is a balancing act, with occupiers weighing the need for specialised skills against multiple factors, including the cost of human capital."

"Close collaboration between clinical and data scientists, as well as other disciplines, is a key success factor."

"Global prime office costs have seen an increase of 3.1% from last year as demand for prime office space remains high, while densification trends vary regionally"

"Prime office rents in major cities around the world have risen 3% in the past year, while significant premiums have emerged for top-tier space over the wider Grade A market"