Figure
Luxembourg Office MarketView Q1 2023
Occupiers remain active while investors go silent
May 15, 2023 10 Minute Read
Looking for a PDF of this content?
- Office take-up increased over the previous quarter to a moderate 48,049 m²
- Vacancy compressed again to a very tight 3.5%, hindering occupier movements
- New completions totalled 21,500 m² of which just 3,700 m² remains available
- Luxembourg prime rent holds at 54 €/m²/mo (excl VAT) prime rent set in 2022
- Investment yields continue to be under upward pressure as investors sit on the sidelines