LONDON, July 17, 2014 – Europe’s leasing market reported positive growth across 17 major office markets in the first half of 2014, as the Eurozone economy continued its recovery drive with improved sentiment across the region.
According to Colliers International’s EMEA Office Snapshot for H1 2014, prime rents in 85 per cent of office markets across Europe and the Middle East either reported a boost in the last six months or remained static. The countries showing the most notable increases were Germany and Holland:
Most notably, the office market in Germany saw the strongest growth, with prime CBD rents in Stuttgart leaping 25 per cent. Munich also reported rental increase for the seventh consecutive half since H2 2010.
Amsterdam also reported an upward trajectory of rents over the last 18 months, underscoring the recovery of its prime office district amid an increasing gap between primary and secondary markets in the Netherlands. The investment market was also a positive story for Amsterdam, which saw prime yields moving in by 40 bps compared to end 2013, along with a sharp increase in investment volumes.