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Market Research Report Luxembourg - H1 2022
Back to normality
July 26, 2022
Contributors:
- Pierre-Paul Verelst
After the flamboyant year 2021, the occupier activity is back to a more normal level of deals.
The current context weigh on the transaction flow but the main reason was the absence of huge transactions. Take-up went 57% lower y-o-y to 116,000 sq.m.
Vacancy did not change much at 3.7%. No change recorded either in prime rents that are maintained at €52 / sq.m. / month (excl. VAT) in the CBD.
On the investment side, volume was comparatively low while yields were confirmed at 3.25%.
