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Luxembourg Office MarketView Q1 2025

Take-up and investment record a stronger first quarter

May 20, 2025 7 Minute Read

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— Q1 take-up was stronger in volume and deal count than the same period the year before
— FM Global closed the largest corporate deal since 2023
— Vacancy increased slightly to a still very low 4.0%
— The Prinzipal in Cloche d'Or and part of the Gridx in Wickrange were completed in Q1
— Prime rents remain well-supported, with no significant changes noted in Q1
— Commercial investment picked up notably in Q1, though offices lag retail and industrial