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

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

"We anticipate increasing activity driven by opportunity-led investors enticed by the prospect of price adjustments, as history shows that deals pursued during challenging times often yielded superior returns in the long run"

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

"4.6 million sq m of new European office space to be delivered this year"

"We expect investment activity to remain subdued in Europe until the second half of the year when the economy will slowly start to pick up"

"2022 European office take-up reached 2% above the pre-pandemic average"

"Europe and Middle East office capital values adjust by 18% since Q1 2022"

"Savills European Research: key property themes that will impact the European real estate sector in 2023 and investment opportunities for core, value-add and opportunistic investors"

"European occupier demand intensifies for the best space as prime rents rise by an average 5.5% YoY"
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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"