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Office Maps: Pricing (Rents, Yields, 12month Indicators)

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Our latest office maps depict a continued shift toward neutral and tenant friendly conditions. By the end of 2020 tenant friendly markets had increased to cover 44% of markets, from only 15% a year earlier. Neutral conditions have expanded slightly to cover 35% of markets (up from 29%), meaning landlord-friendly markets stand at only 21% - down from 56%.   We expect this evolution to continue over the next 12 months, with tenant friendly conditions to have a 56% coverage (landlord friendly markets will be down to 8%). This is reflected in almost 70% of markets expecting vacancy to rise.  The impact on headline rents is more muted. Prime CBD locations are largely stable (62%), 33% expect rents to decline. For secondary locations, 44% of markets expect rents to fall and 50% expect rents to remain stable. Details on the pricing for office markets across EMEA can be found in the downloadable map below. 

Office Maps: Pricing (Rents, Yields, 12month Indicators)

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Damian Harrington

Director | Head of EMEA Research

I am Director and Head of EMEA Research for Colliers International, having previously been Director and Head of Eastern European Research with Colliers for 7 years. 

I have worked within the real estate profession across EMEA for 20 years, living and working from bases in London, Dubai, Prague and more recently Helsinki.

I spent the first 10 years of my working life in London, starting as a development/investment consultant for an independent research house.

This was prior to joining CB Richard Ellis where I led emerging market research in MENA and CEE for 3 years. I resigned from CB Richard Ellis to develop and manage my own independent consultancy based in the UK, before joining Colliers in 2009. As of 1st July 2015, I was promoted to Head of EMEA Research. 

I use my experience and analytical skills to take a forward looking view of market opportunities & challenges impacting the industry on behalf of internal and external clients. 

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