"German office rents rise as take-up declines"

"According to Savills latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending.   "

"Dublin’s industrial and logistics market continues to be characterised by strong demand and limited suitable supply, according to property advisor, Savills Ireland. New figures reveal that over 1m sq ft of take-up was recorded in the first three months of the year – the strongest Q1 on record."

"Dutch tech sector difficulties will not lead to a large disruption in the Dutch office market, says Savills"

"Marynarska Point 1 has gone through a period of major changes making it a more sustainable and functional office building. It saw the completion of refurbishment works which included the revamping of its lift lobbies and main reception area, and installation of modern decorative lighting on its façade. The owner of the building is an investment fund managed by the Adventum Group, while real estate advisory firm Savills is the property manager and sole leasing agent for office space."

"For the retail leasing world, 2023 has started with a bang on Henry Street.  In what is a significant trend for the market, Dublin 1 has finally caught up with the Grafton Street area in terms of take-up of vacant shops.  As we emerged from the depths of Covid lockdowns, Grafton Street grabbed all the headlines for new brands, while Henry Street was flat, with little or no activity. Thankfully, that is all about to change.  "

"According to Savills latest research, Prague has recorded the largest increase in physical occupancy rates, rising by 16 percentage points to 54% between June 2022 and February 2023, Tuesday being the peak day in the office attendance, followed by Dublin, which recorded a 15 percentage point increase to 56%. Prague ranks among the top 5 European capitals in terms of employees’ return to the office."

"Despite a slow start to the year, activity in the office leasing market is likely to pick-up in the coming months driven by strong demand from the State, as deadlines for complying with its ESG agenda and carbon emissions reductions move closer.  "