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    A senior research analyst found a positive correlation between average commercial rental rates in major cities and the number of Olympic medals won by those cities' countries. Countries with stronger performing office markets, where businesses want to grow, tend to funnel more capital towards Olympic athletes. The analyst provided data showing 12 countries, their largest cities' average rental rates per square foot, and the number of gold, silver, and bronze medals won at the 2012 London Olympics. Countries that spent more per square foot on office space, like the United States and United Kingdom, tended to win more medals.

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    A senior research analyst found a positive correlation between average commercial rental rates in major cities and the number of Olympic medals won by those cities' countries. Countries with stronger performing office markets, where businesses want to grow, tend to funnel more capital towards Olympic athletes. The analyst provided data showing 12 countries, their largest cities' average rental rates per square foot, and the number of gold, silver, and bronze medals won at the 2012 London Olympics. Countries that spent more per square foot on office space, like the United States and United Kingdom, tended to win more medals.

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    352 views1 page

    1CO1800A0821

    Uploaded by

    NewYorkObserver
    A senior research analyst found a positive correlation between average commercial rental rates in major cities and the number of Olympic medals won by those cities' countries. Countries with stronger performing office markets, where businesses want to grow, tend to funnel more capital towards Olympic athletes. The analyst provided data showing 12 countries, their largest cities' average rental rates per square foot, and the number of gold, silver, and bronze medals won at the 2012 London Olympics. Countries that spent more per square foot on office space, like the United States and United Kingdom, tended to win more medals.

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    of 1

    Postings

    Medals of Honor
    The gates to the Olympic Village in London swung shut nearly two weeks ago, but the mounds of data continue trickling in. Indeed, when Erin Patterson, a senior research analyst at Jones Lang LaSalle, began analyzing real estate metrics across the top markets in 12 countries, she soon found a positive correlation between average commercial rental rates and Olympic medals. If you have a country that has an office market performing strongly, its indicating that these are markets where businesses want to grow and expand, said Ms. Patterson. That funnels capital into the marketplace, which then can be allocated in a lot of ways, including by making its way to Olympic athletes. Below, a sampling of 12 countries, average cost per square foot in their largest cities, and the number of medals each of them won during the two-week event.
    $120 $100 $80 $60 $40
    New York City Frankfurt

    Moscow

    United Kingdom

    China

    United States

    South Korea

    Netherlands

    Russia

    Japan

    France

    Italy

    Germany

    20

    40

    60

    80

    100 Avg. price per square foot Gold Medals Silver Medals Bronze Medals

    18|August 21, 2012|The Commercial Observer

    Australia

    Canada

    Toronto

    London

    Sydney

    $20

    Amsterdam

    Bejing

    Tokyo

    Rome

    Seoul

    Paris

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