European office rents up 6% in 2017

by   CIJ News iDesk II
2018-03-21   10:50
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European prime office rents increased by 6 percent on average in 2017 saw an average y-o-y rental increase of 6 percent in 2017, according to the latest Savills report. This is the fifth consecutive year of growth, and the trend is expected to continue for at least another three years.
Rents have been relatively stable in Warsaw over the past few years. However, a small increase is expected in the next couple of month. “Availability of office space has decreased also in Warsaw. Considering the relatively low new supply projected for 2018 and 2019 and high tenant activity visible both in gross take-up and a record high level of net absorption, a further decrease of the vacancy rate is to be expected with a small increase of rents,” said Wioleta Wojtczak, associate director of the research department at Savills.