Spotlight: European Office Outlook – Q2 2024
Q2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
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Q2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
Read nowMany companies try to encourage employees to return to the office by investing in the improvement of the space available to them
Read now"Vacancy rate falls to 4.28%; forecast to drop to 3.92% by Q4 2024"
"Is the stage set for investment volumes to trend upwards?"
"93% of space transacted in H1 2024 has been Grade A quality"
"Speculative completions and growth in second-hand space increase supply by 26%, yet BTS transactions rise 108% on levels seen in H1 2023"
"The region is well positioned for future rental growth, with just 1.16 years’ worth of supply available based on the five-year annual average take-up"
"Take-up has already surpassed long-term annual average by 27%"
"Political stability and falling base rates to the rescue?"
"Supply falls from peak of 6.56m sq ft in recent months as deals complete"
"Demand rises in first half of the year as take-up of existing units set to drive a fall in vacancy into 2025"