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European Office Property Clock

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Mainland Europe records strong Q2 2016, while EU referendum slows London leasing

In Q2 2016, office leasing was down 4% y-o-y. However, excluding the UK, European take-up grew by 3% y-o-y, a clear sign of the upbeat sentiment on the continent. While in London leasing has clearly been affected in the run up to, and following, the EU referendum, general sentiment elsewhere in Europe is one of 'business as usual' with continued levels of activity as recorded in recent quarters.

Note:

This diagram illustrates where JLL estimate each prime office market is within its individual rental cycle at the end of June 2016
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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