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In Q3 2016, European office take-up fell by 7% y-o-y, dragged down by lower activity in the UK and Spain. However, office market fundamentals remain strong in mainland Europe, with Q3 2016 take-up 9% ahead of the 10-year average. While leasing in London has clearly slowed, the impact of the UK's referendum decision on the continental European leasing market has so far been modest.
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18 October 2016