
Spotlight: European Office Outlook
"2022 European office take-up reached 2% above the pre-pandemic average"
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"2022 European office take-up reached 2% above the pre-pandemic average"

"Europe and Middle East office capital values adjust by 18% since Q1 2022"

"Not quite at the pricing plateau yet"

"Rising costs continue to dominate the narrative for global office occupiers, though declining incentives are helping avoid large-scale rent increases"

"The past year has illuminated several key themes which are likely to continue to be at play in 2023"

"The rise of economic headwinds produced a turbulent 2022, and the forecast for 2023 shows some trends continuing"

"European occupier demand intensifies for the best space as prime rents rise by an average 5.5% YoY"
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"European prime office yields move out by an average of 40 bps since Q1 2022 due to rising risk-free rates"

"Occupational office markets remain robust, but prices and transaction volumes are falling, with a likely quiet quarter ahead"

"Rising costs remain and green shoots appear"