The first quarter of 2020 recorded a take up of 26,992 sqm an increase of 14% compared to Q4 2019 but a sharp decrease compared to the record result of Q1 2019.
The uncertainty linked to the COVID 19 emergency does not seem to have caused a strong impact, even though it is not possible to exclude a further slowdown in the next months depending on the evolution of the crisis.
The Center and EUR confirm the most vibrant areas, with approximately 62% of the take up
Prime rent stable at 450 sqm per year in CBD and at 350 sqm per year in EUR The possible negative impact of the COVID 19 in the coming months is currently estimated to be very limited on quality products in central locations
Investment volume in the quarter was equal to 73.4 million net prime yields are stable at 3.7%.