(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



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