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Market Report Luxembourg: The financial sector supports again the market

  • ​Take-up in Q2 2013 increased 43% q-o-q to 39,600 sq. m., again boosted by banks and financial services. This year to date, take-up is however down 8% to 67,400 sq.m.
  • Vacancy rate decreased by 40 bps to 5.8%, and may decline further in the rest of the year.
  • Completions in Q2 2013 amounted to only 3,000 sq. m.
    Some 20,000 sq. m. of speculative developments should be delivered by year-end.
  • Prime rents increased in the CBD to € 42 / sq. m. / month and remained stable in other districts.
  • Investment volume reached € 93.8 m, bringing the volume in H1 2013 to € 254 m (incl. development deals), up 66% Y-o-Y .
    Prime yields were stable at 5.75%.

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