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European Office Property Clock

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Strongest Q2 European office take-up on record

A year ago, economic growth in Europe was outstripping expectations, but H1 2018 saw a slight deceleration. Germany and France are expected to record a step down in growth this year and next, although forecasts remain healthy in the context of the recent past. In the UK, ongoing political uncertainty is likely to continue to impact confidence, though recent economic data has been more upbeat than expected. Nevertheless, the European office market shows little sign of slowing, with current economic and employment growth providing enough traction for solid take-up levels. We expect demand for offices to remain strong and rental growth to continue to outperform the long-term average.


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

Prime Rent (read)

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