Skip to main content

Falling rent-frees do not point to an office recovery 

REIS data show rent-free periods dropped back in the first half of the year, hinting at a tightening market. But with occupiers still rationalising their office portfolios, we expect vacancy to tick higher over the next 18 months, which will continue to weigh on NOI growth, even if asking rents trend higher.   

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access