Luxembourg Property Market Research Report Market Overview H1 2020

The Luxembourg office market outperforms despite difficult conditions

  • While most European markets recorded a significant downturn in take-up, Luxembourg outperforms thanks to large size transactions as well as the accounting of prelettings or presales of projects.
  • Vacancy is downward oriented, and should remain low because of the limited flow of future speculative projects.  
  • Prime rents are stable for now but we recorded upward pressures among others in Cloche d’Or.
  • Investors remain optimistic against prime offices, though they are more cautious against second hand assets having vacancy.
  • No change in prime yields for now, but the second half of the year could be characterised by yield compression.

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