Luxembourg Office MarketView Q4 2022

February 22, 2023

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— Quarterly office take-up was a measely 35,750 m2 in Q4 to bring the annual total to a lacklustre 206,700 m², as the EU goes missing in 2022.

— Vacancy compressed again to a very tight 3.9%, hindering occupier movements.

— New completions totalling 74,000 m² bring the annual total to 152,700 m².

— Luxembourg ends 2022 with a record 54 €/m2/mo (excl VAT) prime rent set earlier in the year.

— Rising investment yields to an estimated 4.0% met with a slow investment market.