Take-up
Letting in the 18 main European office markets amounted to 5.95 million sqm over 9M 2025 (+2% y.o.y). This result is close to the 5-year average. The market is holding mainly due to the positive performance of Frankfurt and Central London.
Prime rents
The very low availability for grade A and the appeal of high-quality buildings located in the most sought-after districts continue to drive prime rents up. This phenomenon could be amplified by the increase in return to office mandates and a reduced office development pipeline.
Vacancy rate
The overall European vacancy rate stood at 9.4% at the end of the quarter, an increase of+100bp compared to the same period last year.
REVIEW - OFFICE MARKETS IN EUROPE - Q3 2025
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