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Luxembourg Office MarketView Q3 2024

State Street acquires the Stairs project in Cloche d'Or, as corporates secure large surfaces

October 29, 2024 7 Minute Read

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Report's key takeaways

  • Q3 take-up improved to 42,300 m2, bringing the YTD total to 91,400 m2
  • State Street acquiring the Stairs project (9,700 m2) in Cloche d'Or helped boost activity this quarter
  • Vacancy increased slightly to a still very low 3.7%
  • New completions totalled 45,640 m2 this quarter, bringing the YTD total to 90,700 m2
  • Prime rents remain well-supported and increased by more than 20% in Howald
  • The investment market is still very subdued, as bid-ask spreads remain high