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European Office trends

European Offices - May 2019

Report

Reihe: Savills Spotlight

Anbieter: Savills

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  • Erscheinungsdatum : 31.05.2019
  • Seiten : 5 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 797,34 kB
  • Sprache(n) : Englisch

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Inhalt

Take up in the first quarter of the year was close to 2.8m sq, which was 18% down on Q4 2018, but 2% up yoy and 23% above the 10-year long term average. This reflects a steady demand particularly for high quality, well located offices. Brussels (189%), Dublin (111%) and Barcelona (50%) showed strong annual rises. The most significant drops were noted
in Frankfurt (-37%), Warsaw (-29%) and Paris LD (-26%). These compare to strong activity last year and they still remain above long term averages. Volatility of large deals also affected the market, while smaller deals remained a strong driver. Flexible office providers once again were quite acquisitive, as in many cases they offer temporary solutions given the supply constraints in most markets.

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