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Commercial Real Estate: Europe: Difference between revisions
→Vacancy Rates
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* Vacancy rates increased by an average of 50 bps from 7.5% to 8% during 2022, most apparent in Dublin (+290 bps to 12.5%), La Défense, (+250 bps to 16.7%), Budapest (+210 bps to 11.3%), and Amsterdam (+220 bps to 7.8%). | * Vacancy rates increased by an average of 50 bps from 7.5% to 8% during 2022, most apparent in Dublin (+290 bps to 12.5%), La Défense, (+250 bps to 16.7%), Budapest (+210 bps to 11.3%), and Amsterdam (+220 bps to 7.8%). | ||
* Most of the increase in vacancy rates is reflected in an increase in secondary office stock, or in non-CBD locations following an occupier shift towards best-in-class, CBD-located stock | * Most of the increase in vacancy rates is reflected in an increase in secondary office stock, or in non-CBD locations following an occupier shift towards best-in-class, CBD-located stock | ||
* Core vacancy rates remain very low however, with Paris CBD (2.3%), Cologne (3.0%), Berlin (3.1%), and Stockholm (3.6%) significantly undersupplied, with some prime rental growth likely to be achieved | * Core vacancy rates remain very low however, with Paris CBD (2.3%), Cologne (3.0%), Berlin (3.1%), and Stockholm (3.6%) significantly undersupplied, with some prime rental growth likely to be achieved. | ||
== Financing Rates == | == Financing Rates == | ||