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Occupier demand remained lively in 2022 despite challenging environment: letting volumes are back to their 10-year average in most of main European markets. The year-end showed the first signs of normalization in activity while the post Covid rebound seems to be fading. The demand is currently driven by an increasing focus on quality over quantity.

The outbreak of the pandemic has imposed a mass telecommuting experiment by companies on their employees everywhere around the world. Over the short term, office markets are on hold and prompting rethinking about how the future office will work.