European Office Market Review

Occupational markets across the eu have continued to improve during the last six months as strengthening economic conditions continue to boost the demand for office space. Overall take-up levels continue to rise and this trend is expected to continue into 2007.

Rental growth has been evident in many markets and has been strongest in those markets which have been in the rental recovery phase longest. notably london, dublin and Madrid are currently seeing strong levels of rental growth. Vacancy rates are generally declining, as they were six months ago and this trend is expected to continue as occupier demand remains strong throughout 2007. investment markets across the eu remain very strong, with record levels of investment being reached in a number of countries.