Market reports
02/11/2011
Western Europe | Offices
Property Report - Q3 2011
Limited construction ensures vacancy rates - October 2011
Despite worsening economic conditions, demand for offices held up well in Q3 2011 in the 9 main Western European office markets as total take-up was unchanged on a rolling year basis.In the meantime, vacancy rates keep dropping across major European markets. Although prime rents were unchanged, average rents in the CBD are rather rising thanks to the combination of strong demand and limited new supply.
Economic outlook has deteriorated in Q3 due to the ongoing debt crisis
- Even core economies slowed down significantly
- A low level of employment growth is expected in the short term
European office occupier market held up well
- Office take-up was roughly unchanged, sustained by some sizeable deals in Central Paris and in Central London
- Vacant space is still shrinking as no significant deliveries arrived onto the market
- Average rents in European CBD are on a rising trend
Slight drop in office investment volume in Western Europe
- Central London recorded a significant fall in Q3
- …but strong activity maintained in German cities
- Prime yields are stabilising across Europe
Recent publications
- 02/05/2012 | Western Europe | Property Report Q1 2012
- 16/04/2012 | Western Europe | At a Glance Q1 2012
- 26/03/2012 | Europe | European Investor Confidence Survey Winter 2011/2012
Investment
- 02/05/2012 | Western Europe | Property Report Q1 2012
- 16/04/2012 | Western Europe | At a Glance Q1 2012
- 29/03/2012 | Central Eastern Europe | Property Report Q4 2011
Offices
- 18/04/2012 | Western Europe | At a Glance Q1 2012
- 28/11/2011 | Western Europe | Property Report Q3 2011
- 14/10/2011 | Western Europe | At a Glance Q3 2011
Retail
- 27/02/2012 | Western Europe | Property Report H2 2011
- 10/10/2011 | Western Europe | Property Report H1 2011
- 07/03/2011 | Western Europe | Property Report Year 2010
Hotels
- 27/03/2012 | Europe | Property Report Q4 2011
- 09/11/2011 | Western Europe | At a Glance 2011 T3
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