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Luxembourg MarketBeat

Sébastien Bequet • 08/11/2022

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.

 

Office

ECONOMIC OVERVIEW

While Luxembourg GDP held up well in the first three quarters of this year, continued high inflation is expected to cause GDP to stagnate in the final quarter of the year and the first semester of 2023.

OCCUPIER FOCUS

Following two record years for the take-up in Luxembourg, 2022 witnesses a return to a regular take-up. In Q3, less than 60,000 sq m of take-up was recorded which brings the total take-up year to date to 170,000 sq m, in line with the past average.

INVESTMENT FOCUS

A volume of 90 MEUR has been invested on the Luxembourg office market in Q3, which brings the total invested volume to 628 MEUR.

OUTLOOK

To counter inflation in the Eurozone, the European Central Bank has delivered three consecutive rate hikes, totalling 200 bps, and is expected to proceed with other rate increases in the coming months.

Download our Office market report below

 

Retail

ECONOMIC OVERVIEW

While Luxembourg GDP held up well in the first three quarters of this year, continued high inflation is expected to cause GDP to stagnate in the final quarter of the year and the first semester of 2023.

LETTING MARKET

6,500 sq m of take-up were recorded on the Luxembourg retail market in Q3, the best quarter of the year despite unprecedented context.

INVESTMENT MARKET

No investment transaction was recorded on the Luxembourg retail market this quarter. 

OUTLOOK

To counter inflation in the Eurozone, the European Central Bank has delivered two consecutive rate hikes, totalling 125 bps, and is expected to proceed with other rate increases in the following months.

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 Q3 2022

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 Q3 2022

LOOKING FOR DATA?

Looking for more historic or specific property market data? Get in touch.

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