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European Office Property Clock

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European Office Occupier Markets

In Europe, economic growth in Germany is expected to slow further, with industrial production still looking weak, impacted by the ongoing decline in global trade volumes. In France, internal pressures on the economy are easing, but external risks continue to loom. In the UK, the Government has delayed Brexit once again and a leadership change further complicates the economic outlook. Nevertheless, we expect demand for offices in Europe to remain above the long-term trend. Coupled with the prevailing low supply environment across the region, this should continue to support rental levels in most key office markets.

Note:

This diagram illustrates where JLL estimate each prime office market is within its individual rental cycle at the end of June 2019.
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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