Knight Frank’s Prime Global Rental Index, which tracks the change in luxury residential rents across 17 cities around the world, fell by 0.9% in the year to September 2015.
Tagged – ‘corporate relocations’
A year ago prime rents worldwide were rising on average by 3.5% per annum but this figure has now slipped to 1.3%.
Although our Prime Global Rental Index saw weaker growth in the second quarter of 2014, a number of the world’s key financial centres rose up the annual rankings.
Prime rents in key cities worldwide rose by 0.2% in the first quarter of 2013, according to Knight Frank’s latest Prime Global Rental Index.