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Luxembourg Office MarketView Q4 2024

AED secures the Laccolith in the largest deal of 2024 in an otherwise challenging year

February 10, 2025 7 Minute Read

Office MarketView_972x1296_V2

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Report's key takeaways

  • Similar quarterly take-up activity brings a slow year to 132,600 m2
  • The Luxembourg state letting the Laccolith building in Q4 was the largest deal of the year
  • Vacancy increased slightly to a still very low 3.9%
  • New completions were limited at just 11,400 m2 this quarter, bringing the 2024 total to 102,000 m2
  • Prime rents remain well-supported, with no significant changes noted in Q4
  • Office investment was limited this year, but residential helped pick up the slack