13 marzo 2007
New research into the European
office market shows that demand for office space in major cities across the
continent has continued to rise in the last six months, a trend which is
expected to continue into 2007.
Launched at the MIPIM international property conference in Cannes (March
13th – 16th) by GVA Worldwide, the European Office Market Review reveals
that improvement in economic conditions is boosting the demand and take-up
of office space. This in turn is leading to a continuing decline in vacancy
rates, which again is forecast to continue throughout the coming year.
The report also identifies the European markets which are experiencing
rental growth, with London, Dublin and Madrid highlighted as cities
currently experiencing particularly strong levels of rental growth.
In addition to the occupational office market, investment markets in the
sector across the EU remain very strong, with record levels of investment
being reached in a number of countries. The Nordic region is particularly
buoyant, with record transaction volumes in Oslo and Stockholm, while mature
markets such as Frankfurt, Milan and Madrid also enjoyed significant
investment activity.
Increasing prosperity in much of Central and Eastern Europe has brought
about new opportunities for investors in their property markets. In the
Baltic’s both domestic and foreign investors are active, and the market is
expected to attract greater interest as these markets become more integrated
with Western Europe.
GVA Worldwide spokesperson Mark Bateman said: “The office market across
major European cities is clearly benefiting from the overall growth of the
economy, with increasing demand and take-up of office space, falling vacancy
rates and significant investment activity across many regions. As the EU
expands with the rise of new member states, new opportunities are arising
for investors to take advantage of.”
|