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European Office Property Clock

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Strong start to the year, with Q1 2017 office take-up highest since 2007 in Europe (excl UK)

The European economic recovery continued and even broadened in Q1. While political uncertainty will continue with the upcoming elections in Europe, most notably in France and Germany, this appears to be having limited impact on the European office market. Indeed, strengthening employment and corporate sentiment pushed Q1 2017 office leasing activity up, in line with 10-year highs seen in 2016. ​​​​

Note:

This diagram illustrates where JLL estimate each prime office market is within its individual rental cycle at the end o​f March 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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