The first half of 2019 was a quiet one for the occupier market in Luxembourg, totaling just 41,900 m2 of take-up. A robust pipeline of 333,000 m2 of committed space for H2 should help to make up this early deficit, assuming the projects stick to their schedules. Low
take-up and some new development completions in Q2 resulted in a slight increase in vacancy to a still low 4.2%. Investment picked up, led by the quick dispossession of the Deloitte HQ in Cloche d’Or.