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The Luxembourg office market Q4 and full year 2014 review

  • ​Take-up in Q4 jumped by 87% y-o-y to 69,306 sq.m., 10% more than in Q3. Full year take-up therefore came in at 201,000 sq.m., 38% more than in 2013.
  • Vacancy rate slightly increased to 4.7% in Q4 compared to 4.1% in Q3. By mid-2015, it may fall back to 3%.      
  • Prime rents were unchanged in the CBD at € 42 / sq. m. / month + VAT. The investment market was boosted by large size transactions in the last quarter. Full year investment volume came in at € 889 Mln, 32% higher than a year ago and at a seven year high. 
  • Prime yields for best buildings in the CBD are confirmed at 5.5%. 

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