The global economy reached an estimated growth rate of 3.8% in the first half of 2018, the fastest since 2011, driven by continued strength in the U.S. and emerging Asia.
Global rent and capital value indices recorded further growth in Q2 2018 across all property types except for retail rent index, which slightly dropped by 0.03% quarter-over-quarter due to the softening in the EMEA.
APAC office posted the strongest rental growth while the industrial sector led quarter-over-quarter capital value growth. On an annual basis, Americas industrial properties continued to top the global capital value growth.
With the quarterly decrease in rental growth, EMEA's retail capital value dropped by 0.59%. This was partially due to the expanding e-commerce in the Nordics region.