Spotlight: European Office Outlook
Southern Europe office demand outperforms as European vacancy rates begin to stabilise
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Southern Europe office demand outperforms as European vacancy rates begin to stabilise
Read now"Leisure spending has seen a continued uptick in performance over the last 12 months, in spite of consumer belt-tightening and cost of living increases"
"Competitive socialising has firmly established itself as a stalwart of the leisure market, whilst immersive leisure is the fastest-growing subsector in the UK’s major city centres"
"Concerns over occupier credit post-pandemic and the trade performance of UK cinemas have resulted in a lack of interest in multi-let leisure schemes; however, recent transactions suggest a brighter year ahead for the leisure investment market"
"While not immune from global events and trends outside its borders, Monaco continues to punch above its weight, maintaining its position as the world’s most expensive prime property market in 2023"
"The economic challenges of 2023 prompt optimism for 2024"
"There is a renewed sense of optimism in commercial real estate markets, underpinned by more than the simple exuberance that often accompanies a new year"
"In the post-pandemic era, best-in-class office space is vital, attracting talent, fostering community, and enhancing well-being. Limited prime stock and a lack of development may impact take-up levels going forward, creating investment opportunities in refurbishing secondary assets for evolving business needs"