Drivers and Opportunities of the European Office Real Estate Market
The European Office Market Update report provides an in-depth analysis of the positive trend in the real estate market, with a particular focus on the increase in office leasing activity and sustained growth in investments. It highlights the emerging preferences for premium A space, good quality B buildings, and properties meeting high environmental standards.
European Office Update main takeaways:
- Office leasing activity has started to recover, with a focus on premium A space and other good quality A grade spaces.
- There has been sustained growth in investments, over 5% since 2008, particularly in the UK, Benelux, Germany, and Southern Europe.
- There is a preference for buildings meeting the latest ESG standards.
- Office yields have remained stable despite market volatility.
- There are opportunities to repurpose or reposition assets likely to drive investment activity over the near term.
- Demand is set to rise thanks to the degree of repricing seen in the market.
