TY - JOUR T1 - A Closer Look at Co-Movements in Global Office Rents JF - The Journal of Portfolio Management SP - 89 LP - 98 DO - 10.3905/jpm.2013.39.5.089 VL - 39 IS - 5 AU - Luciana Suran Y1 - 2013/09/30 UR - https://pm-research.com/content/39/5/89.abstract N2 - Do office rents across the globe move together? This is a question that should concern not just investors in real estate but also corporate occupiers with offices across regions and countries. This analysis investigates the existence of co-movements across global office markets by performing principal components analysis on a unique dataset of prime office rents in 32 global office markets. Results suggest that while rents in most markets appear to be driven by a common factor, regional and other differences persist, suggesting potential for diversification.TOPICS: Real estate, global, in portfolio management ER -