
Spotlight: European Office Outlook – August 2023
"Professional and business services drive European office take-up in H1 2023"

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

"Europe and Middle East average prime office yields moved out by an average of 18 bps during Q2 2023 as value add investment activity will dominate in H2 2023"

"The narrowing availability of prime stock is putting pressure on office leasing across European markets"

"Seven European markets now move into fairly priced territory as prime yields shift out"

"Europe and Middle East office capital values adjust by 18% since Q1 2022"
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"European prime office yields move out by an average of 40 bps since Q1 2022 due to rising risk-free rates"

"London and Top 7 German office markets remain most attractively priced"

"Rising interest rates and debt costs continue to put pressure on yields"

"Stabilising vacancy rents continue to support rental growth across European cities"

"Eurozone inflation will eat into real rental growth"