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European Offices Property Clock Q3 2018

In 2018, the European economy has seen a deceleration in economic activity, albeit modest. Both Germany and France are expected to see a step down in growth this year and beyond, though rates remain healthy by the standards of the last decade. Brexit continues to colour the UK outlook, but growth is set to continue. Nevertheless, the outlook for the European office market is encouraging. As unemployment continues to fall across the region, we expect demand for offices to remain solid and rental growth to outperform the 10-year average.

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