
Spotlight: European Office Outlook – December 2023
"European office take-up to marginally increase in 2024, as occupiers seek the best of the best"
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"European office take-up to marginally increase in 2024, as occupiers seek the best of the best"
"We expect a gradual resurgence in investment activity starting in Q4 and extending in 2024 on the back of the downward price adjustments. However, the lacklustre economic landscape is poised to act as a drag on investment activity for the forthcoming six months"
"Savills European Real Estate Logistics Census outlines the challenges and opportunities facing Europe’s logistics occupiers, developers and investors"
"Operators increase occupancy rates before further expansion expected in 2024"
"Professional and business services drive European office take-up in H1 2023"
"We anticipate increasing activity driven by opportunity-led investors enticed by the prospect of price adjustments, as history shows that deals pursued during challenging times often yielded superior returns in the long run"
"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"