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Luxembourg Office Market Q1 2017 : Q1 outperforms

  • Sharp start of take-up in Q1 2017 : 77,000 sq.m. transacted, the best Q1 of the decade. Three deals above 10,000 sq.m. have been recorded this year so far. Luxembourg wins financial institutions leaving London amidst Brexit: AIG, FM Global and staff from JP Morgan. 
  • Vacancy roughly unchanged at 5.4% in Luxembourg overall. In view of the limited completions scheduled for this year, vacancy may fall below 5% again in the near term. 
  • Prime rents stays at €45 / sq.m. / month (+vat). Transactions at higher levels were observed for small surfaces. 
  • Investment activity outperformed with a volume of €271 Mln, nearly 4 times as high as last year.
  • Prime yields stabilized at 4.5%. 

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