Cushman & Wakefield Occupier Research - Oil: The Commodity We Love to Hate

APAC

MARKETS MARKET INDICATORS

JAKARTA

KUALA LUMPUR

MUMBAI

PERTH

Job Growth

20 40

300

0 100 200 300

30 45

100

-20 0

0 15

-100

Thousand people

Thousand people

Thousand people

Thousand people

Office Absorption

0 1,000 2,000 3,000 Thousand sq ft

0 1,000 2,000 3,000 Thousand sq ft

0 1,000 2,000 3,000 4,000 5,000 Thousand sq ft

-800 -400 0 400 Thousand sq ft

Office Vacancy

0% 10% 20% 30%

0% 10% 20% 30%

20%

0% 10% 20% 30%

10%

0%

Rent Growth (Q2 15 - Q2 16)

20%

20%

20%

20%

15%

15%

15%

15%

10%

10%

10%

10%

5%

5%

5%

5%

0%

0%

0%

0%

-5.7%

-4.4%

-5.6%

Landlord/Tenant (Q2 16) ( 5 year average availability ratio)

15% 20% 25% 30% 5% 10%

15% 20% 25% 30% 5% 10%

15% 20% 25% 30% 5% 10%

15% 20% 25% 30% 5% 10%

Rent Growth Forecast (Q2 16 - Q2 17)

Pipeline (Completions - Q2 16 - Q4 18)

21,065,300 sq ft

3,700,000 sq ft

1,272,300 sq ft

2,268,287 sq ft

Source: Oxford Economics, Cushman & Wakefield Research

Note: Average availability ratio – Mumbai and Perth – 4-year average

30 / Oil: The Commodity We Love to Hate