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Research

Report

Office Market Luxembourg Q2 2017: Higher office rents in Luxembourg


  • ​Office take-up in H1 2017 increased by 20% y-o-y to 147,000 sq.m. Luxembourg administrations are very active on the demand-side.  
  • Vacancy fell again below 5% to 4.9% vs. 5.4% previously and is expected to remain low in view of the limited pipeline.
  • Prime rents increased by 4% to €47 / sq.m. / month (+vat), a new record high.
  • Investment volume similar to last year at €446 Mln, dominated by office transactions.
  • Prime yields stabilizing at 4.5%.​

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