Spotlight: European Office Development
Rising construction costs squeeze developer margins, but rental growth outlook remains positive
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Rising construction costs squeeze developer margins, but rental growth outlook remains positive
Read nowSavills presents the Portugal Real Estate Market Overview | Q1 2024, providing you a detailed analysis of the performance of the national real estate market during the first quarter of the year.
Read now"With economic conditions brightening, the investment market has demonstrated a marked improvement in the first quarter of the year, even as the occupier market remains muted"
"Base rate falls will see consumer sentiment improve, which in turn will aid retail sales volumes"
"Take-up remains muted compared to the pandemic period, but is close to its pre-pandemic average"
"The investment market appears to be thawing"
"Stable costs but prolonged timescales see index up-tick"
"Construction costs for a data centre increased by 6.5%, reaching an average of $9.1m per MW (€8.4m) across Europe. Zurich is still the most expensive market in Europe."
"A strong March means that Q1 investment volumes surprise on the upside and is the historical link between rent and vacancy decoupling for industrials"
"The role of the warehouse has never been more important, and the amount of warehouse space needed continues to rise"
"The market remains in a period of stasis, but opportunities are emerging. ‘Rest of UK offices’ look interesting based upon the yield gap to Central London offices"
"As European investors await ECB rate cuts, preliminary results show the Q1 investment volume declined by 12%, though the investment curve is now showing signs of stabilisation"