Research

JLL Office Property Clock – Q4 2019

JLL’s quarterly European Office Property Clock.

January 31, 2020

Q4 occupier demand pushes 2019 leasing activity to a new record year:

  • European office take-up amounted to circa 3.5million sqm in Q4 2019, representing a 9% y-o-y decrease.
  • European office vacancy tightened by 20bps to 5.5% in Q4 2019-the lowest level since 2002.
  • The European Office Rental Index rose by 1.2% q-o-q and 4.1% y-o-y.

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