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"
"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."
"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"
"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"
"Savills European Research: key property themes that will impact the European real estate sector in 2023 and investment opportunities for core, value-add and opportunistic investors"
"There has to be an acceptance of higher rents, wherever you look across UK office markets."
"Preliminary results suggest that the total investment volume for Q2 will reach slightly less than €60bn"
"We will likely see landlords and developers investing heavily in existing stock over the next 10 years."