Real Estate for a changing world

At a Glance - Main office markets in Europe - H1 2022


Good momentum driven by strong demand for high quality buildings

After encouraging signs at the end 2021, letting activity experienced a strong H1. Volumes are back to their long-term averages in most European markets. The appeal of the prime segment remains intact: low vacancy and growing prime rents occur in the most sought-after districts.


Letting volume in the 15 main European office markets achieved 8.83 million sqm over the past 12 months, a 47% increase in volume. H1 2022 was particularly buoyant bringing take-up back to its 10-year average in a significant number of markets.


Having sustained value over the crisis period, prime office rents in the key cities are now growing again. 


The overall vacancy rate stood at 7.2% at the end of H1, remaining steady compared the same period last year. 

At a Glance - Main office markets in Europe - H1 2022
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