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Commercial Real Estate: Europe: Difference between revisions
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== Vacancy Rates == | == Vacancy Rates == | ||
https://www.savills.com/research_articles/255800/340337-0#:~:text=Vacancy%20rate%20nudges%20up%20to%208%25,-Rental%20growth%20still&text=Vacancy%20rates%20increased%20by%20an,220%20bps%20to%207.8%25). | [[File:CRE 1.PNG|thumb|377x377px|'''''Lease incentives as a percentage of total lease value''''']] | ||
Vacancy rates have been increasing since last year:<ref>https://www.savills.com/research_articles/255800/340337-0#:~:text=Vacancy%20rate%20nudges%20up%20to%208%25,-Rental%20growth%20still&text=Vacancy%20rates%20increased%20by%20an,220%20bps%20to%207.8%25</ref> | |||
* Vacancy rates increased by an average of 50 bps from 7.5% to 8% during 2022, most apparent in Dublin (+290 bps to 12.5%), La Défense, (+250 bps to 16.7%), Budapest (+210 bps to 11.3%), and Amsterdam (+220 bps to 7.8%). | |||
* Most of the increase in vacancy rates is reflected in an increase in secondary office stock, or in non-CBD locations following an occupier shift towards best-in-class, CBD-located stock | |||
* Core vacancy rates remain very low however, with Paris CBD (2.3%), Cologne (3.0%), Berlin (3.1%), and Stockholm (3.6%) significantly undersupplied, with some prime rental growth likely to be achieved.https://www.savills.com/research_articles/255800/340337-0#:~:text=Vacancy%20rate%20nudges%20up%20to%208%25,-Rental%20growth%20still&text=Vacancy%20rates%20increased%20by%20an,220%20bps%20to%207.8%25). | |||
== Financing Rates == | == Financing Rates == | ||