Discover our Pan European market reports

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.

€147bn were invested in commercial real estate over the 12 months to Q3 2024

We expect global GDP to grow by 2.9% y/y in 2024 and 2.8% y/y 2025. However, the balance in global growth is shifting. Rising real incomes, lower interest rates and public investment will support a recovery in the Eurozone. Meanwhile, growth is expected to slow across other major economies.

After a torrid two years for European commercial real estate (CRE), when annual transaction volumes halved in almost all markets, we are beginning to see the light at the end of the tunnel.

€143bn were invested in commercial real estate over the 12 months to Q2 2024, which represents a 25 % decrease compared to Q2 2023.

Letting markets have generally held up well despite weak economic growth. In H1 2024, the market decreased by 5% versus H1 2023.