
Spotlight: European Office Occupancy Rates
"The average European office occupancy rate has increased from 55% in February 2023 to 57% in September 2023, behind the pre-pandemic average of 70%"
Tagged Articles

"The average European office occupancy rate has increased from 55% in February 2023 to 57% in September 2023, behind the pre-pandemic average of 70%"

"Average prime European office yields move out by 20 bps during Q3 2023, as Berlin, Amsterdam, Madrid and Munich sit within fair pricing territory"

"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"

"UK tops European investor wishlist, as sentiment improves for logistics and living sectors"

"European Industrial Outdoor Storage investment expected to grow by 4.5%"

"With Europe’s economy continuing to struggle it’s increasingly clear that any sustained recovery in the occupier market is unlikely to begin until 2024. With that said, leasing activity is in line with its pre-pandemic levels, and we have seen a slight uptick in investment volumes this quarter. With interest rates expected to peak in late 2023, we may start to see further activity as prices stabilise"

"Savills European Real Estate Logistics Census outlines the challenges and opportunities facing Europe’s logistics occupiers, developers and investors"

"Operators increase occupancy rates before further expansion expected in 2024"
.jpg)
"Amenities, a mix of uses and connectivity are expected to remain important."