Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

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.


Navigating through a phase of short-term inflation that instills confidence in the effectiveness of restrictive monetary policy, challenges persist within the commercial property sector. The industry faces higher borrowing costs and a deceleration in economic growth that continues to impact its dynamics.



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.


During the fourth quarter, the investment market witnessed a revival in trading volumes, with over €415 million invested. This resulted in an annual total of nearly €500 million, reaching a level comparable to those observed in the aftermath of the 2008 financial crisis.


Luxembourg's economic prospects appear promising, foreseeing a steady expansion. The upcoming economic growth will be chiefly propelled by strong domestic demand, supported by both private consumption and investment.

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 Q4 2023

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


If you would like to find out more about our specific expertise, or discover how we could work with your company, please contact a member of our team – we’d be delighted to hear from you.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All