A softening new supply pipeline and indications that demand is gradually improving suggest office vacancy in Europe should stabilise this year. That said, we expect that any falls will be small compared to past cycles. And vacancy is still likely to trend higher in some markets, most notably in Berlin and Paris.
We’re hosting an in-person property roundtable event at our London office on 18th March to discuss the UK housing and commercial property winners and losers. (Register here.)
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