Global Office Vacancies Drop to Two-Year Low, Jones Lang Says

Global office vacancies dropped to their lowest level in two years, driving rents higher for an eighth straight quarter, a Global Office Index report by Jones Lang LaSalle Inc. showed.

Global vacancy edged to 13.6 percent, Jones Lang LaSalle, the world’s second-biggest publicly traded commercial-property broker, said. Prime office rents have risen for eight straight quarters, climbing 0.8 percent over the September quarter and 6 percent from the same period a year ago, according to the report.