10. Downtown Boston
Downtown Boston experienced 1.0 percent growth in office rents, placing it 10th in the U.S. in terms of growth and 66th globally.
9. Suburban Washington, D.C.
Suburban Washington, D.C. posted year-over-year rent growth of 1.5 percent, placing ninth nationally and 61st globally. Rents in Downtown D.C. grew by 0.8 percent during the same period.
8. San Francisco Peninsula
The San Francisco Peninsula may be an expensive city to live and work, but office rent growth in the city has slowed down to 1.9 percent. The market ranked eighth in the U.S. and 56th globally in CBRE’s ranking.
7. Suburban Atlanta
Office rents in suburban Atlanta grew by 4.4 percent. Rents in Midtown and Buckhead neighborhoods went up by 3.1 percent. The marked placed seventh nationally and 33rd globally.
6. Suburban Denver
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Suburban Denver might be a surprise entry, but office rents in the market grew by a healthy 4.9 percent year-over-year, placing it in the number sixth slot in the U.S. and in the number 31 slot globally. Rents in Downtown Denver were up by 4.1 percent.
5. Downtown Dallas
Downtown Dallas experienced office rent growth of 5.5 percent, placing it fifth on the list nationally and 28th globally.
4. Downtown Los Angeles
In Downtown Los Angeles, rents rose by 6.9 percent, giving it the number four slot and placing it 25th globally. In suburban Los Angeles, rents increased by 6.2 percent.
3. Downtown Chicago
Downtown Chicago posted year-over-year office rent growth of 8.3 percent, pushing it into the top three markets nationally (16th globally). Rents in suburban Chicago grew by 4.1 percent during the period.
2. Downtown Seattle
Downtown Seattle took the number two spot, with year-over-year growth of 9.5 percent. The market ranked ninth globally. Suburban Seattle properties weren’t far behind, with rent growth of 8.2 percent.
1. Midtown New York
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New York once again proved its mettle by claiming the number one spot in the U.S., with Midtown Manhattan posting rent growth of 11.7 percent. Rents Downtown went up by 9.3 percent.