Luxembourg | Offices
European Office Market - Q4 2019
European Office Market - Q4 2019A record € 281bn invested in commercial real estate and 9.6 million sqm of offices taken up in the main European markets in 2019.
Investment in commercial real estate: exceptional last quarter in 2019 saw the year set a new record for investment in Europe.
With an investment of € 100bn, Q4 accounted for over a third of the total € 281bn invested in 2019, up 3 % on the previous record-breaking year in 2018. This was all the more remarkable insofar as the biggest market historically, the UK, was held back (-18 %) for the second year running over doubts about its future collaboration with countries in the European Union. The Netherlands (fourth European market) also saw a decline (-28 %). Yet the performances of the other two main markets, namely Germany (+19 %) and France (+19 %), as well as other big markets like Sweden (+44 %), Italy (+41 %) and Ireland (+84 %), outweighed the declines and pushed investment in 2019 above the 2018 figure.