A number of office and industrial property markets reported a slowing down in leasing transactions in the first half of 2008, triggered by a combination of the credit crunch, weakening global economy and a lack of positive occupier sentiment.Very limited growth registered in global industrial occupation costs, which barely rose by 1.0%. Slightly stronger growth of 4.7% seen in the Asia Pacific region, followed by Europe at 1.5%, whilst North America fell by 2.1%.Global office occupation costs rose by 3.2% on average per city. Growth was slightly stronger across the Asia Pacific region at 3.9% on average, followed by Europe at 3.1% and 2.8% in North America.

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Global Industrial and Office Rents Survey 2008 PDF