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More settled weather across Europe
Rental conditions continued to improve across Europe. Jones Lang LaSalle’s latest Office Weather Forecast shows that the majority of the 27 markets are expecting either stabilisation or rental growth over the next 12 months. Wetter conditions are still persisting in several locations, however, and three markets recorded rental falls over the last quarter. Eight markets are anticipating further declines later in the year compared with 12 at the end of Q1.
We expect to see more sunshine breaking through the clouds as we move forward through the remainder of the year, as more of the markets see a return to rental growth in 2011.
This map is based upon Jones Lang LaSalle’s proprietary prime office data and June office forecasts.
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27 July 2010