Luxembourg Office MarketView Q3 2022

October 27, 2022

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— Quarterly office take-up increased over Q2 to 57,730 m², though remains down for the year.
— Vacancy moderated to 4.1% after good absorption, particularly from public occupiers.
— New completions totalling 21,000 m2 bring the YTD total to 78,670 m².
— Letting activity in the Airport and Strassen markets push rents to new highs.
— New investment was limited in Q3, while prime yields increase to 3.60%