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European commercial real estate market

by hotjapanse

In the fourth quarter of the year, rental rates of office premises grew, although slightly. In 5 out of 53 markets, one could observe a decrease in profitability fluctuations in the last quarter. For example, in Zurich, a market drop was recorded by 10 b. p. But in other markets with negative dynamics, there was a decrease by no more than 5 b. p. At the same time, the maximum growth was noted in Brussels – 50 b. p. In the fourth quarter of last year, the level of profitability from renting retail premises decreased. The most noticeable decline occurred in London. At the same time, the maximum growth was recorded in Dubai.

As for betting on the rental of office premises related to the premium class, then throughout the fourth quarter they remained stable. In 7 out of 53 markets, an increase in rental rates was observed, but in 6 markets the index has significantly decreased. The greatest growth was recorded in Moscow. The rates there grew by more than 4 %. In markets with negative dynamics, rental rates decreased by 2 %. Premium trading real estate rental rates in the last quarter increased, although slightly. Industrial real estate rental rates in Europe have not undergone special changes. The annual indicator was increased by 0, 1 %. In 4 out of 44 markets, growth was recorded, in 37 markets it remained unchanged. And in three European markets there was a decrease. The fall of the most was observed in Copenhagen, and the largest growth in Stockholm. The analysis was carried out on the basis of monitoring of premium European markets.

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