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Recovery of the European office sector continues, but at variable pace reports Jones Lang LaSalle
In its latest European Property Clock for Q2 2013, Jones Lang LaSalle report that in Europe, prime office rents continue to recover overall.
The European Prime Office Rental Index increased by 0.2% over the quarter but remains in negative territory (-0.7%) compared with a year ago. Jones Lang LaSalle forecast only moderate rental growth for the remainder of the year. The aggregate numbers however disguise the diverse picture across the region with markets in all four quadrants of the Office Clock, mirroring the mixed economic conditions across the region:
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