Spotlight: European Office Outlook – Q2 2024
Q2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
Read nowWe pride ourselves on our in-depth property research. Our specialist teams offer insight into current market trends and predictions for the future to help you make the right property decisions.
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"Our agents discuss what makes prime central London districts and micro-hoods so desirable"
"Legal occupiers are adapting to hybrid working patterns with more flexible, tech-enabled office designs that support modern ways of working. Whilst there is regional variation, the majority of firms today are dedicating more area to multi-purpose shared spaces, which can be used for team-wide meetings, collaborative tasks, or client-facing events. "
"International expansion of US firms has had a profound impact on legal salaries across the globe. US practices represent the top of the market in lawyer renumeration in all the legal markets we analysed. "
"Amid a myriad of unique challenges across different global markets, mid-size and large international law firms are adjusting growth plans, office locational strategies and legal renumeration approaches. "
"Legal occupiers looking to attract and retain top talent, drive performance, and prioritise ESG requirements are demanding premium space that provides vibrant employee experiences and positive environmental impact. "
"Globally, the majority of the legal sector is maintaining the same or equivalent square footage when renewing their leases or relocating. Just under a quarter are increasing space, and approximately a third are consolidating to smaller footprints. "
"With legal occupiers investing heavily in high-quality offices, effective space utilisation is key to successful real estate strategies. In the last year there has been a trend to formalise hybrid working policies firm-wide."
"US cities accounted for 69% of overall legal leasing activity in the world’s largest legal markets, reflecting the dominance of American firms in the sector overall, as well as the tendency for US legal offices to have a lower occupancy density."
"The main barrier to the uptake of electric vehicles in the shift to carbon zero is a lack of public charging infrastructure. Landlords can enhance asset value and Savills has the expertise to assist"