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Luxembourg MarketBeat


Cushman & Wakefield MarketBeat reports analyse quarterly Luxembourg commercial property activity across office and retail real estate sectors including supply, demand and pricing trends at the market and submarket levels.


In the dynamic landscape of the Luxembourg office market, where contrasts abound, we find ourselves at a pivotal moment. Recent signals from financial authorities hint at potential shifts in the macroeconomic environment, echoing both uncertainty and opportunity.



The recently recorded take-up level has now become the annual norm. Undoubtedly, there is a noticeable hesitancy in occupier demand in light of the challenging economic environment.


The Luxembourg office investment market kicked off 2024 with a bang, despite recording only one transaction in Q1. This single deal, however, was a record-breaker, showcasing continued investor confidence in the city's prime office segment.


In early 2024, the Luxembourg economy is showing signs of stabilization. Although full recovery is still on the horizon, recent data and projections suggest a cautiously optimistic outlook. This resurgence is credited to ongoing consumer spending, heightened government investments, and a renewed strength in exports.

Download our Office market report below.



The final and fourth quarter of 2023 witnessed a take-up of 11,800 sq m, bringing the total for the year to 33,060 sq m in the Luxembourg retail letting market.


No notable transaction was recorded in the second half of 2023, which results in only one significant transaction in the retail investment market.


Luxembourg's economy has experienced a notable decline below the Eurozone average due to the substantial influence of the global economic climate.

Download our Retail market report below.

Current Marketbeats

Karlin, Prague, Czech Republic
Luxembourg Office Data

Office Marketbeat is a summary of the Luxembourg office property sector providing comment on recent trends as well as market data and analysis.

Office Marketbeat Q1 2024

Shopping Infinity Luxembourg
Luxembourg Retail Data

Retail Marketbeat is a summary of the Luxembourg retail property sector providing comment on recent trends as well as market data and analysis.

Retail Marketbeat Q4 2023


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