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Five Trends to Watch

One

Record-breaking 2017 highlights robust fundamentals

Global real estate markets broke several records in 2017, with investment and leasing volumes at their highest levels for a decade. The impressive end to the year was a testimony to the robust fundamentals across many real estate markets.

2018 Prospects

Capital Values

Capital Values 3% Increasing

Rents

Rents 3% Increasing

Development

Development +16% Peaking

Vacancy Rate

Vacancy Rate 12.2% Rising

Leasing

Leasing 40 m sqm Lower

Investment

Investment -5-10% Lower

Leasing, vacancy, development, rents and capital values relate to the office sector. Full-year 2018 forecast values. Capital values, rents and development figures refer to percentage change. Global vacancy rate - percentage value, leasing volumes in million square metres, investment volumes in US$ billions. Source: JLL, February 2018

Two

Two

Widespread economic growth sets up strong 2018

The global economic upswing provides a strong platform for 2018. Buoyed by the outlook, investor appetite shows no signs of abating, while businesses are expanding their space requirements. However, after such a stellar 2017, it will be difficult for the global real estate market to match last year’s impressive performance.

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Three

Two

Co-working transforms real estate dynamics

The burgeoning flex space and co-working market is transforming real estate dynamics across the world, and is fast becoming an important part of wider corporate real estate and portfolio strategies. Continuing global expansion and rapid growth by a number of the key co-working space providers is fuelling investor demand, as well as JV and acquisition activity.

More on corporates
Widespread economic growth sets

Four

Four

A banner year for logistics

Absorption levels in the logistics sector were at record levels in 2017, while vacancy fell to historic lows. Rental growth momentum in 2018 is expected to continue due to buoyant demand supported by e-commerce, an increasing emphasis on city logistics and a lack of modern vacant space.

More on logistics

Five

Four

Retail focuses on asset enhancement

Retailers are adapting and re-evaluating their existing physical space in response to the structural changes impacting the sector. There has been a notable acceleration in new business models as owners invest to create attractive mixed-use destinations for a new kind of consumer.

More on retail

Global Market Perspective, February 2018

Chapters

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Investment Market

Investment Market

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Corporate Occupier Markets

Corporate Occupier Markets

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Offices

Offices

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Retail

Retail

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Warehousing

Warehousing

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Hotels

Hotels

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Residential

Residential

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Downloads & Contacts

Global Market Perspective, February 2018

JLL's regular view on the impact of economic forces on property markets worldwide. It is a unique combination of updates from professionals on the ground and the insights of our leading research organization.
Read full report (PDF, 1.0 MB)



For more information, speak to one of our Research experts

Jeremy Kelly

Jeremy Kelly

Director, Global Research Programmes

Jeremy.Kelly@eu.jll.com

Matthew McAuley

Matthew McAuley

Senior Analyst, Global Research

Matthew.Mcauley@eu.jll.com

David Green-Morgan

David Green-Morgan

Director, Global Capital Markets Research

David.Green-morgan@ap.jll.com

Ben Breslau

Ben Breslau

Director - Head of Research, Americas

Benjamin.Breslau@am.jll.com

James Brown

James Brown

Director - Head of Research, EMEA

James.Brown@eu.jll.com

Megan Walters

Megan Walters

Director - Head of Research, Asia Pacific

Megan.Walters@ap.jll.com

Widespread economic growth sets up strong 20