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Letting in the 18 main European office markets amounted to 5.95 million sqm over 9M 2025 (+2% y.o.y).

Letting in the 18 main European office markets amounted to 3.99 million sqm over H1 2025 (+6% y.o.y).

Office letting activity held firm in the first quarter of 2025, with take-up rising by 6% compared to the same period last year.

Demand for office space stabilized in Europe in 2024. The overall result remained below the long-term average (-15%). This reflects both a challenging economic environment , and structural changes in the office market where occupiers focus on smaller, more efficient and flexible premises.

One of the most enduring aftereffects of the pandemic is the increased preference for remote work, leading to a drop in office space per employee.

With many large occupiers having made property decisions in 2022, the challenging economic backdrop is concentrating attention on cost control, reducing letting activity as a result. Occupiers continue to focus on quality over quantity, widening the gap between assets in the most coveted districts and secondary locations.