
Spotlight: European Office Leasing – Q4 2025
"European office demand held steady in 2025, with vacancies at 9% and incentives tightening, and take-up forecast to grow 3% in 2026."
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"European office demand held steady in 2025, with vacancies at 9% and incentives tightening, and take-up forecast to grow 3% in 2026."

"European office investment set for 2026 rebound"
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"Prime office occupiers will continue to see rising overall costs in 2026, as take-up is set to increase in many markets"

"European take-up Q1-Q3 2025 rose by 3% year on year, lifting average prime office rents by 4.9%"
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"Across our 40 global cities, prime office occupier costs rose by 0.8% in Q3 2025, bringing year-on-year (YoY) growth to 3.3%"

"Refurbishment drives market amid supply constraints"

"Prime space prevails amid market uncertainty"
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"Prime offices across our 40 global cities had modest cost growth of 0.7% in the second quarter of 2025 — on average, bringing year-on-year (YoY) growth to 3.4%."
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"European prime office yields compress by an average of 3 bps during Q1 2025"