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European office take-up falls in Q4 2011: BNP Paribas RE

Posted on 30 January 2012

Take-up of office space in the main office markets in Western Europe dropped slightly in Q4 2011 on a rolling year basis compared to Q3 2011, according to the latest research by BNP Paribas Real Estate.
The leading international property adviser’s Q4 market report shows the greatest level of activity was in the German cities of Frankfurt, Berlin, Munich and Hamburg, which recorded strong demand for offices in the year’s final quarter as throughout the year. The average vacancy rate of the nine major markets recorded a third consecutive fall in Q4 2011………………………………………..Full Article: Source


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