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JLL: More European office markets close in on prime rental growth

Posted on 02 December 2010

From Europe-re.com: Jones Lang LaSalle’s Q3 European Office Clock highlights that prime office rents continued to grow during the quarter, albeit at a slower pace. The Jones Lang LaSalle Office Rental Index rose by a modest 0.7% over the quarter, driven by London, Moscow and Stockholm.
Patricia Lannoije, Head of Research BELUX at Jones Lang LaSalle, said: “The research also shows that demand for office space decreased slightly over the quarter, but stands 36% higher than a year ago with net absorption remaining positive. Further yield compression pushed capital values higher; the capital value index increased 4.7% over the quarter. Yield compression was witnessed in 13 out of 24 markets with Paris and Moscow both experiencing compression of 50 basis points.”………………………………………Full Article: Source


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