Spotlight: European Office Development
Rising construction costs squeeze developer margins, but rental growth outlook remains positive
Read now![](https://research.euro.savills.co.uk/_images/euro-office-dev-jun24-main.jpg)
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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"
"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."
"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"
"2023 was a year to forget for commercial real estate, but there are reasons for optimism in the logistics market"
"Is a switch to more accommodative monetary policy imminent, or will geopolitical events delay cuts?"
"Despite a sharp fall in 2023, take-up is still outperforming its pre-pandemic levels"
"There are signs of momentum building in the investment market"