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Construction of new industrial space saw record growth last year. Nearly 1 million m² of space was added, 22% more than the five-year average. Most construction took place in the Karlovy Vary region and the total volume in the Czech Republic reached 11.7 million m².
Investment in European retail fell 40% in 2023 vs 2022, to € 26.2bn. Yet investor interest in retail assets is slowly gaining more traction in terms of investment market share (20% in Q4 23 vs 16% in Q4 22).
Demand for colocation data centre space outstripped supply in 2023, despite facilities of unprecedented size being delivered across Europe for the industry’s largest customers. According to new research from CBRE, there was 601MW of take-up across the 14 largest markets in Europe in 2023.
Germany's top eight locations for logistics and industry in Germany once again experienced a decline in lettings and owner-occupancy. According to Realogis new leases were signed for 2.5 million m² of space in total in the top eight by all market players in 2023. The eight leading German markets are the Ruhr area and the metr...
The prime rent for Grade A office space in Leeds has now risen to £38 per sq ft, breaking all records, according to global property consultancy Knight Frank. In Knight Frank’s brand-new UK Cities report, published this week, it is revealed that city centre rents have increased by six per cent over the past 12 months. Notably,...
After a record year, the Berlin owner-occupier and rental market for logistics and industrial properties experienced a significant slump in take-up in 2023 as a whole. This is the conclusion of the latest analysis by Realogis.
According to Savills latest research, office vacancy levels remain low in core European markets led by Paris CBD (1.9%), Cologne (3.3%) and Hamburg (3.8%). At the same time, these markets continue to observe strong rental increases as occupiers are increasingly looking for best in class offices in accessible locations.
Trei Real Estate GmbH and Jones Lang LaSalle Poland jointly published the fourth edition of their market report on retail parks and convenience centres in Poland. Despite a difficult market environment, the share that retail parks claimed out of the total transaction volume in the retail sector increased significantly.
In the Q3 2023 Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE), analysts state that Europe’s total construction pipeline currently stands at 1,673 projects/249,264 rooms, up 1% by projects year-over-year (YOY).
European outlet mall performance across the first half of 2023 marks the asset class as a star performer, according to new insight from real estate services firm, Cushman & Wakefield. Outlet malls across major operators have seen sales growth of +11.3% from H1 2019, and 16.9% from the same period in 2022.
Colliers has been seeing a fundamental shift in the German residential and commercial investment markets ever since the ECB began raising interest rates in the summer of 2022. Purchase prices for multifamily properties have dropped an average of 17%, moving back to the levels recorded in 2018. Prices are not expected to gener...
Following an exceptionally volatile 2022, 2023 has continued in a similar vein. Persistent high inflation, increased interest rates and investor hesitance has led to a relatively slower property transaction market in the Nordic and Baltic countries. Despite the new challenging environment, Newsec sees a promising future ahead...
According to provisional data from Savills, warehouse take-up across Europe reached 13.4 million sq m in H1 2023. This is just 9% lower than H1 2019, suggesting a return to pre-Covid levels across the continent, despite a 37% decline year-on-year.
Colliers’ latest Global Insights & Outlook Office Report finds that varying return to office approaches post-COVID, underlying fundamentals of city functionality, approaches towards ESG-compliance differences and how markets have reacted to shifts in inflation and interest rates have created significant divergence in office i...
Hotel transactions across Europe failed to show the recovery expected during 2022 as confidence was hit by the Russian invasion of Ukraine which fuelled huge increases in energy and food costs, a rise in overall inflation and higher interest rates.
According to Savills, real estate investment volumes in southern Europe (Spain, Portugal and Italy) reached a record high of €31.7bn in 2022, a 36% increase on the previous year.
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.
As the world continues to find a new normal post-COVID, consumers have placed heightened importance on travel and experiences, which has accelerated lodging demand, and resulted in revenue per available room (RevPAR) reaching or exceeding 2019 levels across Europe. According to JLL Hotels & Hospitality Group’s latest Global H...