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BNP Paribas Real Estate is the European leader in office real estate and a recognised player in residential real estate, but our expertise extends across a full range of property assets.

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Etienne Prongué
Market Information

EUROPEAN OFFICE MARKET: A CAUTIOUS START TO THE YEAR FOR BOTH OCCUPIERS AND INVESTORS

EUROPEAN OFFICE MARKET: A CAUTIOUS START TO THE YEAR FOR BOTH OCCUPIERS AND INVESTORS

Following a rebound in confidence at the end of 2025, the European office market stalled in Q1 2026. In a context of economic and geopolitical uncertainty, take-up declined by 16% year-on-year, driven by a slowdown in large transactions, while investment volumes fell by 13%. The start of the year has been marked by caution, with both occupiers and investors adopting a more selective approach.

sunset on the road
Market Information

LOGISTICS REAL ESTATE: 2025 MARKED THE ENCOURAGING RETURN OF LARGE TRANSACTIONS IN EUROPEAN MARKETS

Take-up increased by +3% (vs. 2024) to 19.4 million sqm across the six main markets*, driven by the return of large transactions, even though volumes remain below their ten‑year average. Despite an uncertain economic environment and persistent geopolitical tensions, the European logistics real estate market maintained positive momentum in 2025.