Skip Ribbon Commands
Skip to main content



Office Market Report Luxembourg 2015: The year of the mega deals

  • ​Take-up in Q4 surged to 87,000 sqm., up vs. 58,000 sq.m. in Q3. Over the full year, take-up amounted to 231,000 sq.m, up 15% y-o-y and the second highest level ever recorded in Luxembourg. 2015 was clearly the year of mega deals, with 7 transactions above 10,000 sq.m. recorded.    
  • Vacancy rate stabilised at 4.15%, vs. 4.2% in Q3 and 50 bps lower than a year ago. As a few speculative completions are awaited in 2016, we expect higher vacancy in the near term. 
  • Prime rents increased in 2015 in most districts due to lack of vacancy.  In the CBD, they reach € 45 / sq. m. / month (+ vat), up 7% year-on-year. Another increase is expected in 2016. 
  • The investment market jumped to a 8 year high of € 979 Mln, 10% above 2014. Prime yields compressed further to 5%.

Please fill out the form to download the report.

pdf | 938417