European office market 2009 [electronic resource]
Language: English Series: Atisreal European Office Market ; 2009Publication details: [S.l] BNP Paribas Real Estate 2009Subject(s): LOC classification:- 333.33 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 146998-2001 |
Office market -- Investment market -- Amsterdam -- Athens -- Barcelona -- Berlin -- Brussels -- Bucharest -- Cologne -- Dusseldorf -- Frankfurt -- Hamburg -- Kiev -- Lille -- Central London -- Luxembourg -- Lyon -- Madrid -- Manchester -- Marseille -- Milan -- Moscow -- Munich -- Central Paris -- Thames Valley -- The Hague -- Comparative economic performances - Understanding our data
Reports that the European Office Take-up Index continued to fall in Q4 2008, dropping by 19% over the whole year, following a peak in Q3 2007. However, some European markets performed better than others: the biggest falls were in The Hague and Madrid, where the markets fell respectively by 66% and 49% in 2008. The London market fell by 30%, with Paris and Amsterdam seeing falls of around 12%. The European Prime Rent Index was stable in 2008 due to lack of supply in Central Business Districts of the major cities. In London, however, a rise in supply has increased vacancy rates to over 5%, leading to the first fall in prime rent in Europe. The index fell by 2% at the end of the year, suggesting further falls in 2009.