Research
(Re) Connect: JLL's view on the post-COVID real estate office market in Luxembourg
GDP in Luxembourg shrank 6% in 2020, but expected to fall back in 2021 with +7%
- GDP in Luxembourg is expected to shrink by 6% in 2020, but expected to bounce back in 2021
- Vacancy and future supply are not worrisome
- Prime rents and prime yields remained unchanged
- A reduction of demand for office space is foreseen in the short term, but in the long term demand is unlikely to drop