
Spotlight: European Office Value Analysis – Q3 2023
"Average prime European office yields move out by 20 bps during Q3 2023, as Berlin, Amsterdam, Madrid and Munich sit within fair pricing territory"
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"Average prime European office yields move out by 20 bps during Q3 2023, as Berlin, Amsterdam, Madrid and Munich sit within fair pricing territory"

"September sees uptick in take-up, driven by demand from Financial sector occupiers"

"Solid Christmas trading expected as inflationary pressures reduce, while investor attitudes to retail about to be tested by large mall sales"

"Savills City market share stands at 49% year to date and 61% of all transactions over £100m"

"Over 20 new sales sets hope for active Q4"

"We expect a gradual resurgence in investment activity starting in Q4 and extending in 2024 on the back of the downward price adjustments. However, the lacklustre economic landscape is poised to act as a drag on investment activity for the forthcoming six months"

"Take-up in Q3 2023 was the highest quarterly total of the year, with improved corporate leasing activity"

"Interest rates being perceived as having peaked should reduce investor uncertainty. However, questions will now rise about rental growth and sectoral prospects over the next few years"

"Data points show signs of green shoots"

"Leasing activity slows over the summer, but demand from the Financial Services sector remains robust"