Key Market Insights and Updates

EMEA - Rental Market Updates

At a Glance:

• At the start of Q2, new business activity is down 10-15% year-over-year in
  some areas due to new trade policies, but stable or growing in others.
• Rental availability remains low in all major corporate destinations due to
  limited housing supply.
• Unemployment in most major European economies is around 5.0%.
• Many countries are encouraging legal immigration of skilled labor.
• The Central European Bank (CEB) has reduced interest rates to boost growth.
• The EU Blue Card offers fast-tracked residency for highly-skilled workers.
• Several Schengen countries have temporarily reintroduced border controls.

EMEA RENTAL MARKET UPDATES

North America - Rental Market Updates

At a Glance:

• US: National vacancy rates are approaching 8.0%, leading to stable rent increases and more available units in many cities. In markets like Austin and Nashville, supply exceeds demand. Chicago and Cincinnati are popular among young renters. High mortgage rates continue to slow renter-to-buyer transitions.

• Canada: Rental housing supply is growing, stabilizing prices. The government is reviewing immigration and trade policies due to new US policies. Canada will issue 10% fewer student visas in 2025. Short-term rental bans are increasing long-term rental options in Vancouver and other cities.

• Mexico: Increased rental population drives demand and prices. Mexico City's rental market is active with more expats and limited prime supply. Rents in preferred expat areas are expected to rise up to 25% annually.

NORTH AMERICA RENTAL MARKET UPDATES

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