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Luxembourg Office Market Q3 2017: A quieter Q3 due to lower deal size

  • Take-up in Q3 declined by 44% to 26,027 sq.m. In the nine months period it is however up 2% to 172,000 sq.m. 
  • A first set of transactions related to Brexit have been signed. 
  • Vacancy is decreasing again to 4.7% vs. 4.9% previously. 
  • Prime rents unchanged at €47 / sq.m. / month (excl. vat), higher levels possible for small surface. 
  • Investment volume jumped by 56% y-o-y to €943 Mln thanks to additional large size transactions. 
  • Prime office yields maintained at 4.5%. 

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