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Office Market Report Q2 2017: Prime rents increase for the first time in 6 years

  • Take-up year-to-date is down 15% y-o-y to 225,000 sq.m. Two additional large size transactions were recorded. 
  • Vacancy fell to a new low of 8.8%, vs. 9% previously. 
  • Prime rents increased by 9% to €300 / sq.m. / year, breaking a six year period of stability. 
  • Prime office yields compressed by an additional 25 bps to 4.50%. 
  • Investment volume came in at €1.6bn, 8% lower than a year ago. 

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pdf | 9553239