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

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

"2026 European office development completions set for ten-year low, supporting prime rental growth prospects"

"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"

"Investors show an increased willingness to diversify into traditionally non-core geographies and beyond the beds and sheds sector"

"European office take-up and rents to rise in 2025 as investors return to the sector"

"Average European office occupancy rates reach the 60% mark, led by Madrid, London West End and Prague"

"Tide is turning for European office investment as debt becomes accretive to returns"