European Offices
Property Clock
Q4 2017

Annual office take-up reaches post-GFC high as Paris and the German Big 5 outperform.

January 18, 2018

​​The European economy faced significant political risk in 2017, ranging from the Catalonian crisis and ongoing uncertainty around Brexit negotiations to the extended coalition talks in Germany. However, these did not prevent economic growth from accelerating at its highest rate in a decade across the continent. The European office market has shown a similar trend to the economy. While we expect 2018 to pose a number of challenges, we forecast demand for offices to remain robust and rental growth to continue to outperform the 10-year average.

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