The Americas recovery fared best among the three regions.
Chicago witnessed strong demand over the last year, and construction began on the first speculative downtown office property since 1998.
Bangkok, Manila, Taipei and Tokyo were of the few Asia Pacific markets that witnessed moderate rental expansions during Q1 2013.
Tokyo’s position shifted to accelerating rent growth due to a positive shift in occupier sentiment.
In Dublin, rents increased during Q1 2013 for the first time since the financial crisis.
Markets which previously underwent impressive growth on the back of technology-driven demand saw growth temper in Q1 2013.
Source : CBRE