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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