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European Office Property Clock

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Solid Q4 demand confirms the trend of a ‘stable but strong’ European office market

Strong occupier demand continued across most of Europe in Q4, with take-up reaching 3.3 million sq m. While down 11% on a record Q4 2015, quarterly leasing activity was up 4% on the 10-year average. Looking ahead, it will be the supply response rather than a slowdown in overall demand that is likely to define the next stage in the cycle. However, the more pronounced supply responses are so far limited to the very tightest office markets across Europe.​

Note:

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