International real estate advisor Savills expects new supply across European office markets to remain low in 2012 keeping supply and demand in balance and averting a double dip scenario, especially for the core European markets.
The firm forecasts that low supply will lead to a further decline in overall vacancy rates to 10.4% in the first quarter of 2012. In terms of new supply Savills forecasts that completions in 2012 will be 35% lower than in 2010………………………………………..Full Article: Source