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European Office Property Clock

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Strong occupier activity pushes European office take-up to strongest Q3 on record

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.

Note:

This diagram illustrates where JLL estimate each prime office market is within its individual rental cycle at the end of September 2018.
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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