Spotlight: European Office Outlook – Q2 2024
Q2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
Read now![](https://research.euro.savills.co.uk/_images/office-outlook-q224-main.jpg)
We 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"The Renters Reform Bill was one of the main casualties of Rishi Sunak’s early General Election call. It left insufficient parliamentary time to put the Bill to bed in an way that overcame the practical difficulties of balancing the interests of landlords and tenants, without a host of unintended consequences."
"The prime rental markets have reverted to pre-pandemic patterns, but as the market cools, a closer alignment between tenants and landlords rent expectations will be vital."
"Prime office rents in major cities around the world have risen 3% in the past year, while significant premiums have emerged for top-tier space over the wider Grade A market"
"Supermarket yields more resilient against other retail assets"
"Retailer margins under pressure from record-high inflation"
"Online grocery exposure remains low, but international retailers favour omnichannel strategies "
"First ECB rate cut signals positive movement for European economy"
"Improving consumer confidence as economic landscape beginning to improve"
"Our analysis of the top 10 prime office occupier deals by size across global cities shows that expansions and renewals still dominate activity, in spite of rising costs and broader economic uncertainty. Tech remained the top industry by deal volume, followed by finance."