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Research

Report

City Profile Luxembourg Q1 2015: A record year ahead!   


  • ​Take-up in Q1 increased by 6.7% y-o-y to 33,873 sq.m., once again boosted by financial institutions and financial services.
  • Vacancy rate slightly decreased to 4.4% in Q1 compared to 4.7% in Q4 2014. By mid-2015, it may fall back to 3%.      
  • Prime rents were unchanged in the CBD at € 42 / sq. m. / month + VAT but are expected to increase in the short term.  
  • The investment market started on a robust way: volume was € 296 Mio, 88% more than a year ago. Prime yields for best buildings in the CBD are confirmed at 5.5%. 

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