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Market Report Luxembourg Q2 2014: Luxembourg needs new office developments

  • ​Take-up in Q2 2014 was 37,000 sq.m., up 25% compared to Q1. Year-to-date take up is 66,700 sq.m., equal to a year ago.
  • Vacancy rate declines further to 4.6% compared to 5% in Q1. There is a scarcity of quality offices in central locations and in some decentralised districts.
  • Prime rents were unchanged in the CBD at € 42 / sq. m. / month + VAT.
  • The investment market was again robust with large office deals.
  • Prime yields are under downward pressure in central locations and best buildings in the CBD now trade at 5.5%.

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