Take-up
Office take-up across the 18 main European markets totalled 5.51 million sqm over 9M 2026, down 7% year-on-year and 9% below the five-year average, reflecting weaker large-scale activity across many markets.
Rents
Prime office rents across Europe continue to rise, supported by a shortage of Grade A space and resilient demand for high-quality buildings in prime locations. However, the latest data suggests that rental growth may be slowing in some markets.
Vacancy
With development activity remaining limited and a significant share of the pipeline already pre-let, the increase in vacancy largely reflects subdued occupier demand rather than additional supply.