
Spotlight: European Office Leasing – Q4 2025
"European office demand held steady in 2025, with vacancies at 9% and incentives tightening, and take-up forecast to grow 3% in 2026."
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"European office demand held steady in 2025, with vacancies at 9% and incentives tightening, and take-up forecast to grow 3% in 2026."

"European office investment set for 2026 rebound"

"Key property themes that will impact the European real estate sector in 2026"

"European real estate investment volumes are on track to reach c.€77 billion in Q4 2025, a 12% year-on-year increase. This would bring the full-year total to c.€215 billion, 9% higher than volumes recorded last year"

"European take-up Q1-Q3 2025 rose by 3% year on year, lifting average prime office rents by 4.9%"

"Has a subsequent year of shocks in the economy further delayed a recovery in the industrial and logistics sector?"

"As AI workloads surge, Neo clouds emerge as pivotal intermediaries between hyperscalers and operators, redefining the competitive balance of Europe’s cloud and data-centre markets"

"AI is expected to increase job displacement in the short to medium term, and support office-based employment over the longer term, as skills required will be more focussed on utilising existing AI tools, freeing up more time to be allocated to interactive, people-focussed and creative roles"

"Appetite for larger lot sizes gradually increases"

"Tariff uncertainty hits both leasing demand and investment volumes in Q2"