The industry's own research.
411 reports
showing 301–360 of 411

Düsseldorf's retail market is projected to reach €8.3 billion in sales in 2025, with retail growth expected to average 3.8% annually through 2029, supported by a population of 658,200 city residents and 2.9 million in the metropolitan area, along with 3.3 million annual tourists and average household disposable income of €70,100. Prime rents on Königsallee, the city's premier retail address, stood at €3,360 per square metre per year as of Q3 2025, positioning Düsseldorf as Germany's second-largest retail market by sales per capita at €13,340.

JLL's Big Six Residential Development Report for Summer 2025 analyzes residential development trends across six UK cities (Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester), finding average annual price growth of 1.7% and rental growth of 2.1% across these markets, with Birmingham leading in both metrics and over 14,500 BTR units in its pipeline. Key findings include a 64% increase in BTR investment in H1 2025 versus the five-year H1 average, normalization of rental growth from 4.2% in December 2024 to 2.1% currently, removal of Scotland's temporary rent cap legislation on 1 April 2025, and development viability challenges from building safety regulations and planning restrictions impacting new home completions despite strong underlying demand for urban housing.

Zurich's office vacancy rate declined marginally to 5.2% in Q1 2026 from 5.3% in the previous quarter, with uneven vacancy trends across submarkets and a significant decrease in new-build activity alongside property repurposing reducing available office inventory. The document provides summary analysis of Zurich's current office real estate market conditions as of April 2, 2026.

In Q2 2025, Warsaw's office market recorded net demand of approximately 63,000 square meters with total transaction volumes of 155,000 square meters, while the vacancy rate stood at 10.8% overall, with 7.8% in central zones and 13.3% outside the city center. New office supply in the first half of 2025 totaled 85,200 square meters, with lease renewals accounting for 59% of leasing activity in Warsaw during the quarter.

Prime office rents in Stockholm's CBD reached SEK 9,800/sqm/year in Q1 2026, up 3.2% year-on-year, while the overall vacancy rate rose to 15.9% (up 1.5 percentage points), with peripheral areas such as Kista experiencing significantly higher vacancy at 35.9%. New office supply is constrained, with completions averaging around 80,000 sqm annually through 2028 and approximately two-thirds of upcoming deliveries already pre-let.

Luxembourg's office market in Q1 2026 experienced a sharp 37% year-on-year drop in take-up to 24,779 square meters due to geopolitical tensions, with vacancy improving to 3.6% and prime CBD rents holding steady at €54/sq.m./month while citywide average rents reached €35.6/sq.m./month. Investment activity remained limited with only one major deal—the State's acquisition of Edison 2 for redevelopment into a European school—though the outlook indicates continued rental growth driven by inflation and construction cost pressures.

The JLL report analyzes Helsinki's industrial real estate market conditions in Q1 2026, finding that prime logistics rents remained stable at €9.50 per square meter per month while prime logistics yields compressed by 5 basis points to 5.20%, with transaction volume reaching €159 million in the quarter.

The JLL report covers Geneva's office market in Q1 2026, finding that available office space decreased and the vacancy rate fell to 5.8% (down 0.8 percentage points from Q4 2025), partly due to temporary asset withdrawals for renovation including BCGE's acquisition of the Atmosphère building removing approximately 12,000 square meters from the rental market. The analysis identifies intensifying market polarization, with prime buildings attracting the most demand while non-recently renovated assets experience persistent vacancies.

The Zurich office market saw vacant office space decrease by 4,900 m² year-over-year with an unchanged availability rate of 5.3%, though District 11 experienced a notable increase to 11.9% availability after over 50,000 m² became available from new developments. Demand remained weak through most of 2025 before picking up near year-end, with tech companies including Meta, OpenAI, and Boston Dynamics taking space, while over 40,000 m² was withdrawn for conversion to other uses, and a reduced construction pipeline of approximately 71,000 m² planned for 2026–2028 is expected to tighten availability again.

JLL's 2025 annual review of Luxembourg's office market reports a 36% growth in take-up to 181,160 square meters, driven primarily by the financial sector, with rental vacancy declining to 3.9% and prime office yields compressing by 25 basis points to 4.50%. Investment activity across all asset classes rebounded 38% to €839 million, approaching the five-year average of €847 million, with offices representing 54% of transaction volume alongside significant increases in retail, logistics, and residential investments.

JLL's Q4 2025 analysis of Zurich's high street retail market reports that prime rents on Bahnhofstrasse increased 26% over five years to reach CHF 10,750 per square meter annually by end-2025, ranking third in Europe behind Paris and London, with vacancy rates held below 1% by strong brand demand. The report attributes continued retail sector strength to Zurich's top-ranking European purchasing power position.

The Geneva hotel market achieved higher room occupancy rates and RevPAR in 2025, while average room rates and the total number of hotel rooms declined; various hotels undertook renovations and international chains pursued expansion plans. City tourism continued to drive growth in Swiss tourism at an above-average rate compared to Alpine regions, with BAK Economics forecasting this trend to persist in coming years.

Zurich's hotel sector experienced steady growth in occupancy rates, prices, and revenue per available room, with new hotel openings and renovations occurring in 2025. Swiss tourism growth is being driven primarily by above-average city tourism expansion, with BAK Economics projecting this trend to continue in coming years.

The Geneva office market experienced increased vacancy in 2025, with the regional availability rate rising to 6.6% from 6.2% at end-2024, while CBD vacancies reached 53,300 m² driven by large tenant relocations and post-renovation space returns to market. Prime rents in select lettings reached CHF 1,030 per m² annually (+6% versus 2024), though overall rents remained stable across submarkets, and demand for new certified office space remained solid despite a reduction in planned office supply due to project revisions.

Zurich's serviced apartments stock nearly doubled from 2,760 units in 2017 to 5,320 units in September 2025, with district 4 containing the highest concentration. Political initiatives in the city are seeking to restrict serviced apartment growth in residential zones and limit short-term residential lettings to no more than 90 days annually.

Nordic office investment reached €7.6 billion in 2025 with selective recovery and 23% of total Nordic transaction market share, while occupier demand concentrated in prime CBD locations and modern ESG-compliant buildings, leaving secondary stock dependent on incentives and repositioning. The report analyzes office markets across Stockholm, Gothenburg, Malmö/Lund, Helsinki, Oslo, and Copenhagen, finding that prime yields remained stable in core locations but secondary assets faced pressure, with overall vacancy rates elevated across the region and driven more by relocations and quality upgrades than net employment growth.

JLL's H1 2025 analysis confirms recovery in Luxembourg's office market, with take-up reaching 102,970 m² (104% above H1 2024), vacancy rates stable at 4.2%, and investment volume of €274 million substantially exceeding H1 2024's €193 million. The recovery is driven by high-end Grade A projects and the private sector, with prime rents remaining stable at €54 per m² per month in the CBD while secondary districts experience growth.

Transaction activity in Brussels's office market fell to historic lows in Q1 2026, with take-up of 40,496 sq.m. down 49% year-on-year—the weakest performance in 25 years—attributed to geopolitical tensions slowing decision-making, while city-wide vacancy remained stable at 7.7%, prime rents held at €400/sq.m./year in the European District, and Grade A space accounted for 43% of transactions. The investment market stalled with only €82 million in transaction volume nationwide, though the outlook suggests potential take-up recovery later in 2026 driven by EU deals despite the possibility of increased vacancy from speculative completions.

Rome's office leasing market recorded take-up of over 36,000 sq. m. in Q1 2026, representing 49% growth compared to Q1 2025, while prime rents remained stable at €610/sq. m./year. The investment market attracted €330 million in Q1 2026, comprising 48% of total office investment volume, with the prime CBD yield compressing 25 basis points to 4.5%.

Porto's office market recorded 6,140 square meters of take-up in Q1 2026, representing a 43% year-on-year increase, though activity remained below the three-year quarterly average, with the largest transaction being a 2,230 square meter letting to an IT company. The underlying market condition is characterized by a shortage of modern, high-quality office space constraining occupier options, though several projects in development are expected to gradually ease this supply constraint.

Dublin's capital markets recorded €433.5 million in investment activity across 22 deals in Q1 2026, with geopolitical instability and volatile swap rates causing transaction delays, though deals that proceeded to signing faced no material concessions. International investors represented 73.4% of total volume at €318.4 million, and a single €212 million acquisition of Newmarket Yards by Singapore's sovereign wealth fund GIC accounted for nearly half of quarterly transacted volume.

This is a market report published by JLL in March 2026 covering office sector dynamics in Amsterdam during the first quarter of 2026. The report provides market analysis specific to the Amsterdam office market in the Netherlands.

This is a market report published by JLL in March 2026 covering office sector dynamics in The Hague, Netherlands for the first quarter of 2026.

In Q1 2026, Italy's real estate investment market totaled approximately €3.5 billion with international investors representing over 60% of volume, while retail and hospitality led by asset destination and private wealth investors concentrated over €400 million in the office sector. Prime office yields remained stable in Milan at 4.0% and compressed in Rome to 4.5%, with other assets ranging from 4.5% for multifamily to 7.0% for retail parks.

In Q1 2026, Milan's office leasing market recorded approximately 66,000 square meters of take-up plus 4,000 square meters in subleasing activity, with demand remaining robust and Grade A absorption accounting for 65% of total volume. Office investment in Milan totaled €260 million during the quarter, primarily driven by value-add repositioning strategies, while core assets in the CBD remained the primary focus for private investors, and Grade A vacancy held at approximately 3.6%.

Lisbon's office market in Q1 2026 recorded 28,910 square meters of take-up, representing an 80% year-on-year increase driven by ten deals exceeding 1,000 square meters. Prime CBD office rents reached €32.00 per square meter per month, reflecting continued flight-to-quality dynamics, while occupier confidence in best-in-class assets remained strong despite macroeconomic headwinds.

Portugal's industrial logistics market recorded a take-up of 65,100 square meters in Q1 2026, with the Lisbon region representing 37% of activity, as geopolitical conflicts dampened market sentiment. Prime rents in Lisbon reached €7.00 per square meter per month in leading assets due to persistent supply shortages, while near-shoring and supply chain resilience strategies are expected to sustain demand for modern logistics space.

Dublin's industrial and logistics market recorded 524,083 sq ft of take-up across 25 transactions in Q1 2026, representing a 45% decline from Q4 2025, with prime rents for larger units ranging from €13.25 to €15.00 per sq ft and smaller well-located units achieving €18.00 to €20.00 per sq ft. The market maintains a constrained supply environment with an estimated vacancy rate of 3.5% to 4% and over 799,000 sq ft of reserved space from the prior quarter in advanced negotiation stages.

JLL's 2025 review of Belgian commercial real estate documents major trends across offices, industrial and logistics, retail, and investment markets, with take-up in offices exceeding 360,000 m² (70% in Grade A buildings) while vacancy in Greater Brussels remained at 7.8% and rental values reached a record €193/m²/year on average. The investment market reached approximately 4.3 billion euros by early December, with industrial real estate recording an absolute record of 1.3 billion euros and Ultra High Net Worth private investors accounting for nearly a quarter of total volume, while the 2026 outlook remains cautious due to economic uncertainties and geopolitical conditions.

Ireland's residential investment market contracted significantly following 2022 interest rate hikes and rental regulations, with total investment reaching €481 million in 2024 (10.8% above 2023 but 56% below the ten-year average) and only €10 million deployed in Q1 2025. Dublin apartment completions are projected to decline 40% from 2023 peaks and 17.8% from 2024 levels in 2025, falling far short of the estimated annual requirement of 19,600 to 36,400 units, though analysts expect modest recovery in 2026–2027 supported by government rental sector reforms announced in June 2025 and favorable economic fundamentals including 4% unemployment and a young population demographic.

JLL's H1 2025 review of Belgian commercial real estate reports approximately €1.6 billion in total transaction volume, with industrial real estate reaching €768 million (nearly half the total), office investment at €216 million (the lowest since 2012), and retail at €346 million, while industrial vacancy remains below 3% nationally but occupier demand has weakened across most segments. The document projects 2025 will become the most successful year ever for Belgian industrial real estate investment due to major transactions including the €300 million Weerts portfolio sale to Intervest, while office sector remains subdued despite strong rental rates in Brussels (€400/sq m/year) and office take-up concentrating 75% in Grade A buildings.

For the first quarter of 2026, the Île-de-France industrial real estate rental market recorded 186,000 m² of placed demand, down 28% year-over-year and 38% compared to the five-year average, with 205 lease signatures. Average rents stood at 121 €/m²/year (down from 126 €/m² a year prior), prime rents at 190 €/m², and new space rents at 140 €/m², while immediate supply remained abundant at 2 million m², up 7% annually, creating favorable market conditions for tenants with enhanced negotiating power.

The office investment market in Aix-Marseille recorded €78 million in volume during the first quarter of 2026, doubling the volume from the same period the previous year, though remaining 12% below the five-year average for first quarters. The prime office yield has remained stable at 6.00% since the end of 2023, consistent with other regional metropolitan areas such as Lille and Lyon.

Residential real estate investment in France totaled 703 million euros in the first quarter of 2026, representing a 20 percent decline from 882 million euros in the first quarter of 2025, driven by a significant reduction in transaction volume (43 versus 73 transactions) and the absence of portfolio investments. Foreign investors maintained a 22 percent market share in the quarter but were highly selective, focusing their investments exclusively on Paris and Hauts-de-Seine.

In the first quarter of 2026, 333,000 square meters of warehouses exceeding 5,000 square meters were exchanged in France, representing a 67 percent decline year-over-year, driven by widespread economic uncertainty stemming from geopolitical turbulence, macroeconomic concerns, and regulatory changes. Prime rents increased slightly year-over-year across most markets, reaching €89 per square meter annually in Île-de-France and €71 in Lyon, with 58 percent of trading volume occurring outside the Dorsale corridor, including 67,000 square meters in Centre-Val de Loire.

The first half of 2026 saw €3.1 billion invested in Île-de-France real estate, representing an 18% decline from the first half of 2025 (€3.7 billion) and 34% below the five-year average for similar periods. Prime yields remained stable at 4.00% for office and retail assets, while logistics and industrial properties saw a 10 basis point increase to 4.90% and 5.90% respectively, with the second quarter marking a modest recovery at €1.7 billion invested.

In the second quarter of 2026, 389,300 square meters of office space were marketed in Île-de-France, bringing placed demand to 750,000 square meters for the first half of the year, down 5 percent annually and 18 percent below the five-year average. Prime rents in the region showed resilience but were accompanied by elevated support measures, with the prime rent for the QCA reaching €1,240 per square meter annually, while available supply reached 6.57 million square meters at the end of Q2 2026, up 10 percent year-over-year.

JLL's Q1 2026 study analyzes the office rental market in Marseille, finding that demand fell 36 percent year-over-year to approximately 21,400 square meters commercialized, with 64 lease signatures 28 percent below the five-year average. Available immediate supply increased 23 percent to 218,150 square meters (21 percent in new or regenerated assets), while prime rental rates remained stable at 320 euros per square meter annually in Marseille, 250 euros in Aix-en-Provence city center, and 195 euros in its business park.

Logistics take-up in Madrid totaled approximately 392,000 square meters in the first half of 2025, representing a 15% decrease compared to the same period in 2024, while prime rental rates reached €6.85/sq.m./month with a slight increase from the previous quarter. Investment volume in the logistics sector amounted to approximately €164 million during the first half of 2025, reflecting a 3% decline year-on-year.

This JLL report analyzes Barcelona's office market in Q2 2025, covering leasing activity that reached 152,932 sq.m. in the first half of the year—11% below the prior year but 30% above the previous quarter—with the 22@ district accounting for 38% of demand and major tenants including Deloitte (14,100 sq.m.), AstraZeneca (5,403 sq.m.), and CrowdStrike (5,027 sq.m.). The document notes that 66% of investment deals in the first half were Core and Core+ assets, reflecting investor preference for prime well-located properties.

Madrid's office market absorbed 292,904 square meters of space in the first half of 2025, representing 15% year-on-year growth, with the CBD and decentralized areas along the A-1 corridor accounting for 80% of demand through transactions including a construction company's 4,314 sq.m. lease at Foresta 8 and an energy company's 6,533 sq.m. acquisition at Serrano Galvache 56. Investment activity recovered substantially with 81% of total investment volume closed in the second quarter of 2025.

JLL's second-quarter 2025 analysis of the Aix-Marseille commercial real estate market reports that the tertiary leasing market showed resilience with 64,347 square meters of placed demand (up 13 percent year-over-year but down 10 percent from the five-year average), though transaction numbers fell to 134, while the investment market contracted sharply to 68 million euros (down 47 percent from the first half of 2024). The Aix region outperformed Marseille in leasing activity with 60 percent of metro demand, driven by new construction and large-user tenants, while Marseille's office market declined 16 percent year-over-year due to limited quality supply and reduced activity in the Euromed business district.

JLL's Q1 2026 Bristol Office Market Dynamics report analyzes office real estate conditions in Bristol, documenting take-up of 160,400 sq.ft., prime rent of £52.00 per sq.ft., overall vacancy at 5.0%, and Grade A vacancy declining to 2.8% from 3.0% in the prior quarter. The report attributes market conditions to steady occupier demand alongside constrained supply and a limited development pipeline, with further upward pressure on prime rents expected due to scarcity of high-quality space.

JLL's Q1 2026 research report on Cologne's office market documents a subdued start to the year with take-up of 40,400 sq.m., down 43% year-on-year and 38% below the five-year average, driven primarily by the absence of large-volume transactions and tenants postponing relocation decisions. The vacancy rate rose to 5.1% with 407,700 sq.m. available, prime rent remained stable at €32.50/sq.m./month while weighted average rent declined 10% year-on-year to €19.80/sq.m./month, and JLL forecasts full-year 2026 take-up of approximately 230,000 sq.m. with continued slight vacancy rate increases and moderate prime rent growth anticipated.

Glasgow's office market achieved Q1 2026 take-up of 139,900 sq.ft., driven by major deals from Shawbrook, Tesco, and Centrica, with prime rents holding at £41.50 per sq.ft. despite supply constraints and no space currently under construction, though rent uplifts are anticipated for the remainder of the year.

Hamburg's residential market recorded the highest rental growth among Germany's eight largest cities in H2 2025, with median offered rents reaching €18.12/m² and growing 9.03 percent annually, while new construction rents surged 12.4 percent year-over-year and 57.7 percent over five years. Across the Big 8 cities analyzed, median offered rents averaged €18.17/m² with 4.4 percent annual growth in H2 2025, though construction completions fell to a 2015-era low of 251,900 units in 2024 with further declines expected in 2025–2026, creating persistent supply shortages despite policy interventions including October 2025's "Bau-Turbo-Gesetz.

JLL's Q1 2026 Birmingham Office Market Dynamics report covers leasing activity, rental rates, and vacancy levels in the Birmingham office market during the first quarter of 2026. The report states that 106,700 square feet transacted in Q1 2026, prime rents rose to £52.00 per square foot, overall vacancy increased to 9.9% while Grade A vacancy remained tight at 4.6%, and space under construction declined as completions exceeded new starts.

Manchester's office market recorded 286,200 square feet of take-up in Q1 2026, with the Government Property Agency accounting for the largest transaction at 114,967 square feet. Total vacancy stood at 10.9% at quarter-end, comprising Grade A vacancy of 5.1% and new build vacancy of 1.9%, while prime city centre rents remained stable at £45.00 per square foot.

The JLL Q1 2026 report analyzes Central London's office real estate market, finding that leasing activity remained strong due to increased pre-letting and engagement from technology, media, and telecommunications occupiers. Overall supply tightened and vacancy declined, particularly in new-build stock, while investment activity moderated with lower volumes compared to previous benchmarks.

Edinburgh's office market recorded 142,300 square feet of take-up in Q1 2026, with professional services as the largest activity sector, and overall vacancy stood at 7.4% at quarter-end. Prime rents reached £49.50 per square foot with 514,200 square feet under construction, of which 54.0% was pre-leased, and forecasts anticipated further rent increases during the remainder of the year.

The Leeds office market recorded 34,300 square feet of take-up in Q1 2026 with a total vacancy rate of 7.2%, while the development pipeline contained 322,000 square feet under construction with 33.0% preleased. Prime rents are expected to remain under pressure as quality space becomes scarce, though demand is anticipated to build over the coming quarters with significant lease activity expected in 2027.

This JLL report covers Germany's housing market in the second half of 2025 across eight major cities (Berlin, Hamburg, Munich, Cologne, Frankfurt, Dusseldorf, Stuttgart, and Leipzig), analyzing rental and condominium price developments, construction activity, and supply-demand dynamics. Key findings include: rental growth in the Big-8 cities averaged +4.4 percent annually with significant variation by city (Hamburg +9.0 percent, Berlin +0.2 percent); condominium prices showed recovery with median growth of +2.9 percent in Munich and +5.3 percent in Dusseldorf; construction completions declined to preliminary lows of 251,900 units in 2024 and projected at 220,000–230,000 for 2025; and all analyzed cities face supply deficits ranging from 10 to 40 units per 10,000 inhabitants, with 2026 expected to mark the lowest completion point before recovery.
JLL's analysis examines Transit-Oriented Development (TOD) potential in Vietnam's major urban centres of Ho Chi Minh City and Hanoi, identifying fundamental elements including higher density cores, growing public transportation networks, and land availability along transit corridors. The document reports that properties in TOD catchment areas along HCMC's Metro Line No. 1 achieved 34% price growth over five years and emphasizes that successful TOD requires integrated coordination among government, developers, operators, and communities, with strategic focus on experiential connectivity rather than physical proximity to stations.

This is a market report published by JLL in March 2026 covering office sector dynamics in Ottawa during the first quarter of 2026.

This is a quarterly market report published by JLL in March 2026 covering industrial real estate dynamics in Ottawa, Ontario. The report addresses the industrial sector in Ottawa during the first quarter of 2026.

This is a market report published by JLL in March 2026 covering retail sector dynamics in Ottawa, Ontario, Canada.

This is a market report published by JLL in March 2026 covering industrial sector dynamics in Edmonton, Alberta during the first quarter of 2026.

This is a market report published by JLL in Q1 2026 covering industrial sector dynamics in Calgary, Alberta. The report examines conditions and trends in the Calgary industrial market as of the first quarter of 2026.

This is a first-quarter 2026 market report on the Calgary office sector published by JLL on March 31, 2026.

This is a market report published by JLL on December 31, 2025, covering office sector dynamics in Edmonton, Alberta, Canada for the fourth quarter of 2025.