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Real Estate Key Market Indicators Q3 2016

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The buoyancy of Europe’s real estate investment markets continued in Q3 2014, in spite of more mixed economic news. Prime yield compression was witnessed in all the main commercial sectors, with the latest quarter shaving a further 5-10bp off already low levels on average.

For offices, rents rose by a further 0.4% on average during Q3. Th​​​is was not as strong as the previous quarter, however, and there remain patches of weakness, most notably in CEE markets where rents continued to fall. Unit shop rents also rose by 1.2% on average during Q3. This segment also saw the greatest volatility, with some notable falls in CEE retail set against rises elsewhere.

In the warehousing sector, rents dipped again in Q3. The decline was just 0.2% and so less severe than in each of the previous two quarters. This aggregate also masks an uneven trend, with Moscow experiencing a sharp correction in rents while warehousing rents across the rest of Europe were flat on average.​​

KMI
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City Prime Rent
EUR m2pa
Prime Rent
Q-o-Q (%)
Prime Yield
(%)
Yield Shift
Q-o-Q (bps)

Note: *The following exchange rates were used to convert rents into EUR from the local currency: GBP 1.1559, SEK 0.103864, USD 0.889838, NOK 0.111337, DKK 0.134295, CHF 0.917927, ZAR 0.06471. Hover over the text in red in order to see figures in local currency (desktop version only). Note: Q-o-Q rental growth is based on re​ntal changes in local currency.
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Shetal Patel
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Katarzyna Nowak
Data Analyst
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Katarzyna.Nowak@eu.jll.com​​​​​​​​​​​​​