The bar chart and table provide information about office rental costs and vacancy rates in five cities (A to E) in 2008 and 2013. The bar chart shows annual rent per square metre, while the table displays the percentage of vacant office space in those same years. Overall, most cities experienced an increase in office rents over the five-year period, while vacancy rates mostly declined, with some exceptions.
In terms of rental prices, City B had the highest rents in both years, rising significantly from around $1,700 in 2008 to nearly $2,300 in 2013. City A and City C also saw noticeable increases in rent. For instance, City A rose from approximately $1,600 to $2,000. City D remained unchanged, while City E had only a small increase, remaining under $1,000 per square metre. These changes suggest increased demand for office space in most cities, particularly in B and A.
Vacancy rates show a different trend. Four of the five cities—A, B, C, and E—had decreases in vacancy rates. City E had the most dramatic drop, from 16% in 2008 to 9% in 2013. However, City D was an exception, with its vacancy rate rising sharply from 10% to 23%, possibly indicating oversupply or declining demand in that area.
In conclusion, there appears to be an inverse relationship between rents and vacancy rates. Generally, as rent increased, the vacancy rate decreased, showing higher demand. City D stands out as an exception, with stable rent but a significant rise in vacancies.