European Investment - Summer 2009
Occupier demand for office property remains weak, leading to much reduced take-up levels across Europe’s main office centres in the first half of the year. Vacancy rates are rising almost everywhere.
Prime rents have been falling, particularly in the office sector, with markets including London and Moscow seeing especially steep drops. Further rental decreases are anticipated in the second half of the year.
Commercial property investment levels continued to decline in the first half of the year, however an uptick of investor interest in the Central London and Paris markets during Q2 may offer the first sign of improved activity.
Click to download full report.