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"City sees lowest quarterly turnover since 1996 as buyers await new opportunities "
"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"
"Aberdeen has evolved into a scientific hub, with the University of Aberdeen at the heart of this transformation"
"Investment volumes and availability remain subdued"
"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"
"February sees another quiet month as the City market heads for lowest Q1 in more than a decade"
"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"
"The Golden Triangle markets demonstrated resilience in 2023 with record levels of laboratory take-up in both Oxford and Cambridge. The expansion of the science and innovation system across the market will continue to support leasing activity in this region"
"Investor sentiment improving in the regional office market"