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Research

Report

City Profile Luxembourg Q2 2015: Lowest vacancy in 7 years


  • Take-up in H1 increased by 27% y-o-y to 87,282 sq.m. Q2 was particularly strong with 51,563 sq.m. taken up, 49% more than in Q1. The European Commission signed for c. 25,000 sq.m. in La Cloche d'Or (Decentralised).
  • Vacancy rate fell to 3.8% vs. 4.4% in Q1. By year-end, it may fall further to 3.25%
  • Prime rents increased in most districts due to lack of vacancy.  In the CBD, prime rents increased by 7% to € 45 / sq. m. / month + VAT. 
  • The investment market confirmed its robustness, volume year-to-date was € 466 Mio, up 46% y-o-y. Prime yields for best buildings in the CBD are expected to fall below 5.5% in H2 2015.

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