
Spotlight: European Office Outlook
"The narrowing availability of prime stock is putting pressure on office leasing across European markets"
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"The narrowing availability of prime stock is putting pressure on office leasing across European markets"
"4.6 million sq m of new European office space to be delivered this year"
"We expect investment activity to remain subdued in Europe until the second half of the year when the economy will slowly start to pick up"
"2022 European office take-up reached 2% above the pre-pandemic average"
"European occupier demand intensifies for the best space as prime rents rise by an average 5.5% YoY"
"Rising interest rates and debt costs continue to put pressure on yields"
"Preliminary results suggest that the total investment volume for Q2 will reach slightly less than €60bn"
"Rising construction costs begin to squeeze developer margins amid occupier shift to more sustainable office space"
"Tenant lease incentives are gradually being withdrawn as occupier demand recovers"
"Recent market activity reflects a shift in investor behaviour, in terms of sectors and attitude to risk, compared to pre-Covid-19 times"