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European Offices Property Clock Q4 2016

​Strong occupier demand continued across most of Europe in Q4, with take-up reaching 3.3 million sq m. While down 11% on a record Q4 2015, quarterly leasing activity was up 4% on the 10-year average. Looking ahead, it will be the supply response rather than a slowdown in overall demand that is likely to define the next stage in the cycle. However, the more pronounced supply responses are so far limited to the very tightest office markets across Europe.

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