Our latest EMEA office map shows robust Q4 headline rental values.
Our latest Q4 2021 office map shows headline rental values continued to remain robust in Q4 2021, with 78% of markets indicating stable conditions, albeit many are propped up by incentives. In contrast, 16% of markets recorded rental growth for prime assets in CBD locations, against a backdrop of low availability. Berlin (+6.7%), Helsinki (+5.3%), Munich (+2.5%) and Paris (+1.1%) all recorded higher prime rents in Q4 (y/y).
In the year ahead, 33% of markets surveyed expect a further uplift in prime CBD rents, namely London West End & City, Milan, Munich and Prague. This is a 13% increase on our Q3 (12m) outlook highlighting the swift uptick in market sentiment. In contrast, less than 10% expect further downward pressure on prime CBD rents – notably Warsaw, Frankfurt and Bratislava. The majority (60%) expect rents to remain stable over 2022. Download our Office pricing map below.