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European Office Property Clock

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Robust leasing activity in Q3, with no signs of waning demand across most of Europe

In Europe, politics rather than economics continue to dominate. The recent German elections delivered a fourth term for Angela Merkel, albeit with a reduced majority. Elsewhere, ongoing uncertainty surrounds Britain’s withdrawal from the EU, while the political standoff in Spain is cause for concern. Nevertheless, the European recovery remains on track for a post-GFC high in 2017. Indeed, accommodative policy, solid domestic demand and reviving job creation are driving occupier activity in Europe.

Note:

This diagram illustrates where JLL estimate each prime office market is within its individual rental cycle at the end of September 2017.
Markets can move around the clock at different speeds and directions.
The diagram is a convenient method of comparing the relative position of markets in their rental cycle.
Their position is not necessarily representative of investment or development market prospects.
Their position refers to Prime Face Rental Values.
Definitions

Prime Rent (read)
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