
Spotlight: European Office Investment – Q4 2025
"European office investment set for 2026 rebound"

"European office investment set for 2026 rebound"

"European real estate investment volumes are on track to reach c.€77 billion in Q4 2025, a 12% year-on-year increase. This would bring the full-year total to c.€215 billion, 9% higher than volumes recorded last year"

"Appetite for larger lot sizes gradually increases"

"The outlook for the European investment market in the second half of 2025 is cautiously positive. Despite ongoing geopolitical tensions, a stronger performance is anticipated across most European countries"

"From resilience to growth"

"The market seems to be bottoming out in terms of activity levels and pricing. European real estate investment volumes are estimated to reach approximately €44.5bn in Q2 2024, an 18% increase from the previous quarter. The investment volume for the year's first half is likely to exceed €74bn, roughly in line with H1 2023."

"As European investors await ECB rate cuts, preliminary results show the Q1 investment volume declined by 12%, though the investment curve is now showing signs of stabilisation"

"European office take-up to marginally increase in 2024, as occupiers seek the best of the best"

"We expect a gradual resurgence in investment activity starting in Q4 and extending in 2024 on the back of the downward price adjustments. However, the lacklustre economic landscape is poised to act as a drag on investment activity for the forthcoming six months"

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