@article {Suran89, author = {Luciana Suran}, title = {A Closer Look at Co-Movements in Global Office Rents}, volume = {39}, number = {5}, pages = {89--98}, year = {2013}, doi = {10.3905/jpm.2013.39.5.089}, publisher = {Institutional Investor Journals Umbrella}, abstract = {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}, issn = {0095-4918}, URL = {https://jpm.pm-research.com/content/39/5/89}, eprint = {https://jpm.pm-research.com/content/39/5/89.full.pdf}, journal = {The Journal of Portfolio Management} }