Spotlight: European Office Outlook
2022 European office take-up reached 2% above the pre-pandemic average
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2022 European office take-up reached 2% above the pre-pandemic average
Read nowIn its global real estate outlook for 2023, Savills World Research team says that capital value increases in most real estate sectors around the world in 2023
Read now"Despite lower levels of capital raising, the real estate fundamentals remain strong"
"Unlocking the potential"
"Average fully fitted lab premium across the UK and Europe is 76% when compared to the office rental tone"
"Start-ups, must deal with a lot of uncertainty and a commercial flexible laboratory solution solves problems"
"There is a mindset of ‘build it and they will come’ in New York"
"The pick-up in sales rates suggests activity is likely to return to the land market by the second half of the year"
"2022 was a difficult year for many global investors, but as human beings, we are naturally predisposed to be optimistic, and as we continue to navigate a path through what seems like a perpetual state of ‘permacrisis,’ we dare to dream of a better future at the beginning of 2023."
"Most investors will be happy to consign 2022 to the past. Economic growth slowed sharply over the course of the year, underpinned by a rapid withdrawal of monetary policy support, high inflation, and a collapse in business and consumer confidence. "
"After strong beginnings, fuelled by a significant carry over in momentum from the previous year, investor sentiment turned dramatically on real estate over the course of 2022."
"In 2022, over US$305 bn was invested in the office sector, accounting for 25% of the global commercial real estate market."