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European office market shows strength despite economic concerns

Posted on 28 October 2011

According to Jones Lang LaSalle, overall leasing volumes continued to improve over the third quarter of 2011 despite variations in prime offices rents. Prime rents increased over the last quarter in Stockholm, The Hague (both +2.4%), Hamburg (+2.2%) and Milan (+1.9%), although these were offset by decreases in Brussels (-3.2%), Dublin (-3.0%), Madrid (-1.9%) and Edinburgh (-1.8%).
Despite these changes, the Jones Lang LaSalle European Office Index is unchanged. Office rents in CEE markets remained stable compared to the previous quarter, reflecting continued positive demand………………………………………..Full Article: Source


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