According to MSCI, regional office parks generated superior rental growth to their standard office cousins in both 2020 and 2021. This followed a period of weaker rental growth on parks compared to standard offices.

Unsurprisingly our transparent econometric models are not projecting this recent superiority to continue indefinitely. However, if clients to the RES Forecasting Model believe that the latest results are indicative of more superior rental growth to come, either due to changes in working from home patterns or through strong performance from science parks, then they can over-write the rental growth forecasts and project performance based on their own views for rents (or yields). Of course, if we had an MSCI Science Park Index then we could distinguish the performance of standard office parks from science parks