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EMEA Office Clock Report Q1 2012

  • Prime office rents softened slightly on aggregate (Office Index -0.3%) as the limited number of upward and downward changes nearly cancelled each other out. 
  • European vacancy rates remain at 9.9% supported by record lows in completions
  • The capital value index shows a corresponding -0.3% fall as European yields remain flat on aggregate
  • Take-up in the first quarter of 2012 totalled 2.3 million sq m, 15% below levels of the first quarter 2011

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