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European office take up above the pre-pandemic average

According to Savills latest research, European office take up reached 9.9m sq m during 2022, 2% above the pre-pandemic average. Post-Covid leasing activity continued to recover, rising by 14% yoy, as business confidence rose.

Vacancy rates increased by an average of 50 bps from 7.5% to 8% during 2022...