Spotlight: European Investment – Q1 2025 Preliminary Results and Forecasts
Despite short-term hurdles, the European real estate market is set to grow, with investment volumes expected to rise 13% YoY in 2025 and 25% in 2026
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Despite short-term hurdles, the European real estate market is set to grow, with investment volumes expected to rise 13% YoY in 2025 and 25% 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.
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European office investment set for 2026 rebound

Spotlight: European Office Investment – Q4 2025
European office investment set for 2026 rebound
Europe’s grocery sector will remain resilient, but growth is modest — leaving cost discipline, format agility and balance‑sheet strength as the key drivers of outperformance.

European grocery market outlook
Europe’s grocery sector will remain resilient, but growth is modest — leaving cost discipline, format agility and balance‑sheet strength as the key drivers of outperformance.
The beginnings of a descent in global interest rates during 2024 have brought a resurgence in some prime residential markets.
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Spotlight: Monaco – 2025
The beginnings of a descent in global interest rates during 2024 have brought a resurgence in some prime residential markets.

"European office investment set for 2026 rebound"

"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"

"European office Q2 take-up rises 10% year on year"

"Average prime European office yields compress by 5 bps during Q2 2025, driven by core Western European markets"

"European prime office yields compress by an average of 3 bps during Q1 2025"

"Average prime European office yields moved in by 3 bps to 4.92% during Q4 2024"

"Our Market Makers report series analyses the top 10 largest office deals by transacted space, across 35 global markets"

"Modest net effective cost growth this quarter closes out the year as 2025 looks to see continued demand and strength in prime office markets globally"

"European office take-up and rents to rise in 2025 as investors return to the sector"
Exploring the global trends shaping the world of real estate, the 2025 edition of Impacts looks at why real estate needs to adapt and think differently given existing geopolitical, environmental and economic volatility.