Cushman & Wakefield is forecasting that demand for office space from corporates is likely to increase again and reduce supply in 2010 as some major economies return to growth. Indeed, the second half of 2010 will be one of recovery and cautious optimism from both landlords and occupiers, the adviser says in its recently released Global Investment Atlas.

Cushman & Wakefield is forecasting that demand for office space from corporates is likely to increase again and reduce supply in 2010 as some major economies return to growth. Indeed, the second half of 2010 will be one of recovery and cautious optimism from both landlords and occupiers, the adviser says in its recently released Global Investment Atlas.

Last year, Kiev and Dublin were the biggest fallers in Europe with more than -50% and -38% respectively wiped off the value of prime office rents by year-end. In the ranking of the world's most expensive office locations, London's West End moved from third to second place with full occupancy costs of EUR 1,220 per m2 per year. Tokyo moved into first place from second while Hong Kong fell from first to third position.