未来几年,租赁成本上升率将低于通胀率,全球租户将因此受惠。但是,大中华区的前景则喜忧参半,未来两年本区的写字楼租赁成本预计将出现温和增长,其中在成熟市场因为新供应量有限,租金上涨将遥遥领先区内其他市场。相比之下,预计中国大多数二线城市的新供应及空置率将大幅增加,为该地区的租户提供更多的办公选择。全球投资者将因为很多市场的良好相对投资价值而受惠,特别是在美国。在大中华区,我们预期随着利率上升,投资相对价值将相应下降,这也意味着投资者需在相对价值下降前做出大胆决策。就空间的使用效率而言,大中华区大多数市场的改善余地 The next few years, rental costs will rise below the rate of inflation, the global tenants will benefit. However, the outlook for Greater China is mixed. The rental costs of office space in the region are expected to grow moderately over the next two years. In mature markets, rental growth will be far ahead of other markets in the region due to the limited new supply. In contrast, the new supply and vacancy rates in most second tier cities in China are expected to increase substantially, providing more office options for tenants in the region. Global investors will benefit from the good relative investment value of many markets, especially in the United States. In Greater China, we expect the relative value of investment to fall as interest rates rise, which means that investors need to make bold decisions before the relative value declines. In terms of space efficiency, most markets in Greater China have room for improvement