Since mid-2007, the yield gap for prime office property in five of the euro-zone’s larger office markets has narrowed sharply. To us, this convergence suggests that, to date, investors have not placed much emphasis on the different demand and supply prospects in individual markets. But we think such considerations will become more important over the remainder of this year. As a result, we do not expect yields to remain so tightly grouped.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services