Research

Office Market Dashboard Luxembourg Q3 2020

Demand is still there but decision-making in the transaction process slows down deal closing

Office take-up volume in Q3 was lower than previous quarter with 19%, but higher than Q1 with 29%
Overall vacancy in Luxembourg is currently at 3.6%, almost the same as in Q1
Prime rents remained the same with the exception of Cloche d’Or who reached 32 EUR/sq.m./month
Yield slighlty decreased to 3.9% from 4.0%

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