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Summary of the report prepared by the team of CBRE Research Luxembourg Brussels
Q3 office market amounted to 123,390 m² of take-up this quarter, making it the largest third quarter since 2015. This clearly makes up for a slow first semester, totaling 165,300 m² YTD. A robust Q4 pipeline of 270,000 m² of committed space should make the office market head to another record year, assuming the projects stick to their schedules. The CJEU claimed the largest deal of the quarter, with their newly completed 3rd tower. High take-up and limited new development drove vacancy to a historically low 3.5%. CRE investment registered €166 million for the quarter and €969 million YTD.
ECONOMY
A cloud of uncertainty has...
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