
Spotlight: European Office Outlook – December 2023
"European office take-up to marginally increase in 2024, as occupiers seek the best of the best"
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"European office take-up to marginally increase in 2024, as occupiers seek the best of the best"

"Professional and business services drive European office take-up in H1 2023"

"Europe and Middle East average prime office yields moved out by an average of 18 bps during Q2 2023 as value add investment activity will dominate in H2 2023"

"We anticipate increasing activity driven by opportunity-led investors enticed by the prospect of price adjustments, as history shows that deals pursued during challenging times often yielded superior returns in the long run"

"The narrowing availability of prime stock is putting pressure on office leasing across European markets"

"Seven European markets now move into fairly priced territory as prime yields shift out"

"We expect investment activity to remain subdued in Europe until the second half of the year when the economy will slowly start to pick up"

"2022 European office take-up reached 2% above the pre-pandemic average"

"Europe and Middle East office capital values adjust by 18% since Q1 2022"

"European occupier demand intensifies for the best space as prime rents rise by an average 5.5% YoY"