Research

Luxembourg Office Market Dynamics, Q3 2024

Summary and analysis of Luxembourg's current office real estate market conditions.

October 21, 2024
Contributors:
  • Pierre-Paul Verelst
  • Emna Rekik
  • Vincent Van Brée

A stronger third quarter with more mid-size transactions by corporates and less large one-off deals. Confidence is progressively returning to normal level.

A slight increase of vacancy due to non-speculative completions, mitigated by a flow of transactions in existing buildings.

Investment activity year-to-date remains at €193 million; the recent rate cuts by the European Central Bank and the subsequent ease on financing conditions make real estate investment more attractive.

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