Lisbon 2025 Residential Market Overview Q1 2025

This document analyzes Lisbon's residential market in Q1 2025 within the broader context of international and Portuguese economic conditions. It presents forecasts showing Portugal's GDP growth at 2.4% in 2025 and 1.9% in 2026, while noting eurozone GDP growth projected at 0.8% in 2025 and 1.0% in 2026, with ECB interest rates expected to fall to 1.75% by end of 2025, alongside Portugal-specific market data including construction cost increases of 3.1% year-on-year in February 2025 and housing loans granted of €1,991 million in January 2025 at a fixed interest rate of 3.60%.

High Street Retail in Spain Spotlight - February 2025 (Madrid)

Savills Research analyzes Spain's high street retail market as of February 2025, reporting that Spain's GDP grew 3% in 2024 driven by tourism recovery and consumption, with inflation declining to 2.8% and unemployment reaching 10.6%, the lowest since 2008, while the General Retail Trade Index closed at 106.56 representing 1.7% growth. The document covers prime retail street performance across Madrid, Barcelona, Valencia, Seville, and Málaga, finding that after two years of significant increases, 2024 was a stabilization year with pedestrian traffic declining 2.4% and store entries declining 2.2%, though Madrid's prime retail market of 896 units achieved near-full occupancy on streets like Preciados with only one available unit at €263/sq. m/month rent.

MarketBeat Bureaux Ile-de-France T1 2025 (Paris office market)

The Cushman & Wakefield MarketBeat report on Paris office space in first quarter 2025 examines office market activity in Île-de-France, documenting 419,200 square meters of leasing volume across 660 transactions, representing a 6 percent decline year-over-year and marking the third-weakest start to a year in the past decade. Key market findings show immediate office availability reached 5.8 million square meters (an all-time high), the overall vacancy rate stood at 10 percent, and prime office rents averaged 1,154 euros per square meter annually, with geographic variation including improved activity at Paris QCA and La Défense while peripheral markets experienced elevated vacancy rates above 15 percent.

Investment Market Berlin - Report Q1 2025

Berlin's real estate investment market recorded €986 million in transaction volume during Q1 2025, representing a 116% increase compared to Q1 2024, with the market regaining its top position nationally from Munich; the surge was driven largely by the €400 million-plus sale of the Upper West to the Schoeller Group family office, supplemented by increased activity in medium-sized transactions. Net prime yields remained stable at 4.25% for office and logistics properties and 3.70% for premium retail, with office properties dominating 67.5% of investment volume and central locations accounting for 78.8% of transactions.

MarketBeat Frankfurt Office Market Q1 2025

Frankfurt's office market recorded 194,600 square meters of take-up in Q1 2025, exceeding the five-year average by 124% and the ten-year average by 92%, driven primarily by two major financial institution lettings totaling 105,000 square meters. The vacancy rate rose to 10.8% (1.3 million square meters) despite record take-up, prime rent increased to €50.00 per square meter per month, and Cushman & Wakefield forecasts full-year 2025 take-up of around 400,000 square meters with prime rent expected to reach €52.00 per square meter per month by year-end.

Hospitality Real Estate in Paris - Market Spotlight (Greater Paris hotel market)

Investment Market Frankfurt Q4 2024

Frankfurt's investment market achieved a transaction volume of just over €1.6 billion in 2024, representing a 36% increase from 2023 despite falling 73% short of the long-term average of €6 billion, with office properties dominating at 62.1% of market share and generating approximately €1.0 billion in investment. Net prime yields stabilized at 4.50% for office, 3.75% for retail, and 4.25% for logistics properties, while Subcentres and the City Centre accounted for approximately 61% and 30.5% of investment activity respectively, with deals in the over €50 million segment rising to 62% of the market.

Sweden Living Market Figures Q1 2026

The Nordic Hotel Market 2025 (Stockholm hotel performance & investment)

Sweden MarketBeat Office Q4 2025

Cushman & Wakefield's Sweden Office Q4 2025 MarketBeat report tracks office market conditions across Stockholm, Gothenburg, and Malmö, reporting full-year 2025 completions of 124,000 sq m with an under-construction pipeline of 372,000 sq m and expecting approximately 130,000 sq m of deliveries in 2026. The report shows Stockholm CBD vacancy at 7.5% with prime rent stable at SEK 9,800/sq m and prime yield at 3.85%, while Gothenburg CBD vacancy remained stable at 15.0% with prime rent increasing to SEK 4,500/sq m, and Malmö CBD vacancy rose to 10.0% with prime rent stable at SEK 3,700/sq m.

Sweden MarketBeat Investment Q4 2025

The Cushman & Wakefield Sweden MarketBeat report for Q4 2025 documents that Swedish commercial real estate investment volume reached SEK 61.5 billion in Q4, nearly flat year-over-year, with full-year 2025 volume totaling SEK 171.2 billion (a 26% increase versus 2024), driven by robust domestic and Nordic investor appetite and led by residential sector activity at 22% of transaction volume. The Swedish economy has entered a recovery phase supported by expansionary fiscal measures, with GDP growth at 2.6% year-over-year in Q3 2025, unemployment at 8.2%, and prime yields stable across most segments at or near 3.85–4.85%, signaling sustained investor confidence despite elevated but declining unemployment expectations.

Sweden MarketBeat Logistics Q4 2025

The Cushman & Wakefield MarketBeat report for Swedish logistics in Q4 2025 documents that nearly 137,550 sq m of new space was added to the market in Q4, with total 2025 completions falling below 0.5 million sq m compared to 1.4 million sq m in 2024, though completions are forecasted to rebound to approximately 1 million sq m in 2026. The report finds that vacancy rates declined in regional cities to 9.5 percent while remaining stable in major markets (Stockholm at 11.5 percent, Gothenburg at 6.5 percent, Öresund at 5.5 percent), and prime yields and rents remained stable across all regions with Stockholm and Gothenburg both at 4.85 percent prime yield and SEK 1,050 and SEK 1,000 prime rent respectively.

Market in Minutes: Office Market in Regional Cities Q3 2025 (incl. Kraków)

Poland's regional office market comprised 6.73 million sq m across eight cities as of Q3 2025, with total leasing activity reaching 521,800 sq m (up 6% year-on-year) driven largely by IT, business services, and manufacturing sectors accounting for 52% of take-up. New supply delivery stalled at 18,000 sq m (down 76% year-on-year) while vacancy rose to 17.7% overall, with significant variation across markets ranging from 6.8% in Szczecin to 23.4% in Katowice, and prime headline rents for class A office space ranged from EUR 11.50 to EUR 17.00 per sq m per month.

Warehouse and Industrial Market in Poland H1 2025 (Kraław breakdown)

Poland's warehouse and industrial market reached 36.03 million square meters of total stock at the end of H1 2025, with new supply declining 30% year-over-year to 1.15 million square meters while vacancy rates compressed to 7.9%, signaling movement toward market equilibrium. Gross take-up rose 10% year-over-year to 2.95 million square meters in H1 2025, though net take-up declined 17% to 1.34 million square meters, with lease renewals representing 54.5% of total demand as occupiers increasingly prioritized operational continuity over relocation.

Kraków Real Estate Market 2025 (Office, Retail, Warehouse, Hotel, Living, Investment)

This Knight Frank publication surveys Kraków's real estate market across office, retail, warehouse, hotel, residential, and investment sectors as of 2025. The office market section reports that Kraków holds 1.83 million square meters of office stock with a 19% vacancy rate, achieved 267,000 square meters in leasing demand in 2024 (the highest among Polish regional cities), and has 52,000 square meters under construction, with Class A rents ranging from EUR 14–18 per square meter per month.

Investment Market Cologne Q1 2026

The Cologne commercial real estate investment market recorded €256 million in transaction volume during Q1 2026, representing a 194.9% increase year-over-year, with office properties dominating at 79.3% of total investment and the City Centre accounting for 52.4% of activity. Net prime yields remained stable for office assets at 4.40%, while retail high-street properties increased to 4.00% (+10 basis points) and logistics rose to 4.50% (+25 basis points) compared to Q1 2025.

Marché de l'investissement bureaux à Lyon, T1 2026

The Lyon office investment market recorded €108 million in transaction volume during the first quarter of 2026, representing a 29% decline from the same period in 2025 and a 56% decline compared to the five-year average for first quarters. Prime yield rates remained stable, ranging from 5.50% to 5.75% for office space and 4.80% for logistics.

Logistics Market Düsseldorf Q1 2026 - Report

Düsseldorf's logistics market recorded take-up of 66,000 square meters in Q1 2026, representing 10% above the ten-year average despite a 35% decline from the exceptionally high Q1 2025 result. Prime rents for space of 5,000 square meters or more stabilized at €8.70 per square meter, while average rents remained unchanged at €7.00 per square meter, with approximately 20 lease deals registered—the highest number since 2021.

Marché locatif de l'immobilier industriel à Lyon, T1 2026

The JLL report analyzes Lyon's industrial real estate rental market in Q1 2026, noting a 12% year-over-year rebound with 64,700 m² exchanged, though this remains 14% below the five-year average. Prime rents reached €125/m²/year while average new space rents held steady at €102/m²/year and second-hand rents rose to €92/m²/year, with immediate availability reaching 620,000 m² (+36% annually), indicating a supply-rich market favoring tenants despite strong underlying demand for new space.

Marché locatif de l'immobilier industriel à Marseille, T1 2026

The document analyzes the industrial rental market in Marseille in the first quarter of 2026, reporting that approximately 34,000 m² were transacted, representing a 23% annual increase but still 5% below the five-year average, while average rents declined to 94 €/m²/year from 106 €/m²/year the previous year due to economic conditions and supply shortages. Prime rents remained at 130 €/m²/year, supported by limited supply and tertiarization of assets in premium zones, while new space rents fell to 113 €/m²/year and secondary space rents decreased to 91 €/m²/year.

Marché locatif bureaux à Lyon, T1 2026

Lyon's office rental market experienced historically low activity in the first quarter of 2026, with only 31,335 m² marketed and demand falling 32% year-over-year to its lowest level since 2015, while immediate supply rose 20% to 617,763 m² and vacancy reached 7.9%. Prime rental rates for regenerated assets in the 6th arrondissement held at 380 €/m²/year, while secondary market space averaged 186 €/m², with secondary stock comprising 71% of available supply.

Colliers City Survey Q1 2026 - Letting Market (Düsseldorf)

Colliers' Q1 2026 City Survey covers the Düsseldorf office and German industrial/logistics letting markets, reporting that office take-up across Germany's top seven markets totaled 613,500 sqm (down 14% year-over-year) with mixed performance by city, while the industrial and logistics sector recorded 1.5 million sqm of take-up (up 19% year-over-year) driven by increased large deals and growing Asian user presence. The office market faced weakness in the mid-sized segment and rising vacancy rates to 8.7%, while premium rents remained stable to rising; industrial and logistics markets saw 4% average rent growth and improved sentiment particularly in the big box sector.

Logistics Market Cologne Q1 2026

Cologne's warehouse and logistics market recorded take-up of 82,000 sqm in Q1 2026, representing a 156% increase year-over-year and 30% above the ten-year average, driven largely by major contracts including a 35,000 sqm lease by logistics provider Goodcang in Bergheim. Prime rent for modern logistics properties stood at €8.20/sqm with a year-on-year increase of 6.5%, while average rent reached €6.70/sqm (+6.3%), with both rental levels expected to remain stable through the year despite underlying economic and geopolitical headwinds.

Rotterdam Office Market Dynamics, Q1 2026

Office Market Cologne Q1 2026

Cologne's office market recorded 45,000 sqm of take-up in Q1 2026, representing a 33% year-on-year decline and 24% below the long-term average, amid a challenging macroeconomic environment characterized by subdued activity and fragmented contract structure. Prime rent remained stable at €33.50 per sqm while average rent increased 3.9% year-on-year to €21.40 per sqm, with total vacant space rising to 515,000 sqm at a 6.5% vacancy rate, though modern vacancy declined to 115,000 sqm with a high pre-letting rate of 73% on 190,000 sqm of space under construction.

Étude de marché de l'immobilier des locaux d'activités - Agglomération lyonnaise, T1 2026

The document is a commercial real estate market study for the Lyon agglomeration's business premises sector in the first quarter of 2026, published by Arthur Loyd and Brice Robert. Placed demand reached 63,997 square meters with 74 transactions, representing a 22% volume increase versus Q1 2025 despite a 19% decline in transaction count, with the average transaction size rising to 865 square meters and new or restructured space falling to 16% of activity.

Cologne Office Market Dynamics, Q1 2026

The Cologne office market recorded take-up of 73,100 sq.m. in the first half of 2026, a below-average result significantly lower than prior-year levels and the five-year comparable average. The vacancy rate rose 30 basis points year-on-year to 5.0%, prime rent remained steady at €32.50/sq.m./month, and weighted average rent declined approximately 6% over the period.

Average office vacancy rate Rotterdam highest in the G4 - sustainability and mix of functions can make the difference

Rotterdam has the highest office vacancy rate among the G4 Dutch cities at 10.9%, compared to Amsterdam (5.5%), The Hague (4.9%), and Utrecht (6.1%), with significant quality variations across sub-areas such as Kop van Zuid and the Central Business District. Savills research indicates that mixed-use development, residential conversions, and sustainability improvements, exemplified by projects like the Tree House development, are expected to positively impact vacancy rates and renew office stock in Rotterdam.

Étude de marché de l'immobilier de bureaux - Agglomération lyonnaise, T1 2026

The document reports on the office real estate market in the Lyon metropolitan area for the first quarter of 2026, showing 30,898 square meters placed across 99 transactions with a 32% volume decline and 13% transaction decline compared to Q1 2025. Key findings indicate rental transactions dominated at 89% of activity, the new and restructured segment fell to 25% of placements, average transaction size decreased to 312 square meters, prime rental rates held steady at 380 euros per meter, and vacancy rates stood at 8.2% for the agglomeration and 8.4% for inner Lyon.

Immobilier de bureaux en régions en 2025 : un marché qui reste résilient (chiffres Lyon, location et investissement)

Regional office real estate in France contracted by 9% in 2025 to 1.28 million square meters commercialized, with regions maintaining 44% of national volumes, though performance varied significantly by city with Lyon leading at 186,000 m² despite a 21% decline, while investment volumes fell 6% to 7.1 billion euros with office investment at 1.5 billion euros. Prime rental rates remained stable or progressed in most major regional metros, secondhand space dominated at 74% of leasing volumes, and REITs increased their presence to 34% of office investment while SCPIs declined to 27%.

Living Market Report Austria 2025 (Vienna residential market)

Visión Valencia 2025 - Residencial (Valencia Residential Market)

Valencia's residential market faces structural tension with demand significantly outpacing supply, resulting in a 22.5% year-on-year price increase in 2025, while projections indicate the province of Valencia will need approximately 215,000 new homes by 2039 to accommodate household growth of 19.1% in the Valencian Community. New construction offerings are at historic lows due to limited buildable land and slow urban planning processes, with over 30% of new homes marketed in 2025 exceeding €500,000 and primarily targeting international buyers, while second-hand housing in neighborhoods like Ruzafa and El Carmen has become the main access route for local residents with an 11.3% price increase.

Luxembourg Office Market - Market Presentation Q4 2025

The document presents a 2025 market overview of the Luxembourg office sector, showing office take-up of 179,500 square meters, representing a 34% increase compared to 2024 and a 4% decrease versus the 2020-2024 average. The occupier market recorded 186 transactions in 2025 with an average transaction size of 965 square meters and a median of 322 square meters, with 75% of transactions involving spaces smaller than 1,000 square meters, and the largest deal being JP Morgan's letting of 13,975 square meters at The Waves building in Kirchberg.

Luxembourg Office MarketBeat Q4 2025

Cushman & Wakefield's MarketBeat report for Luxembourg's office market in Q4 2025 covers economic indicators, take-up activity, rental rates, vacancy, and investment volumes, finding that annual take-up reached 179,000 sq m (23% below the ten-year average) with 65% concentrated in grade A buildings, while the market showed stable prime rents at €54/sq m/month in the CBD and a 5.20% overall vacancy rate. Key economic projections include GDP growth of 0.57% in 2025 with expectations to strengthen to 2.29% in 2026, HICP inflation at 3.3% in December 2025, and investment volume of €333 million across 10 deals for the full year.

Visión Valencia 2025 - Industrial y Logístico (Valencia Industrial & Logistics Market)

The Valencia industrial and logistics market faces acute supply scarcity with availability below 1%, addressed by a planned delivery of over 800,000 square meters of new space between late 2025 and 2026, of which 470,000 square meters are immediately available. The market demonstrates strong demand with absorption exceeding 400,000 square meters in the first nine months of 2025 (a 65% increase year-over-year), prime rents consolidating at 5.5 €/m²/month with asking prices reaching 5.65–5.75 €/m²/month in prime locations, and investment volumes in the Valencia region surpassing 100 million euros during 2025.

Office Market Report Austria 2025 (Vienna office market)

Étude de marché de l'immobilier d'entreprise - Lyon et son agglomération, 2025

The 2025 market study by Brice Robert Arthur Loyd covers the commercial real estate market in Lyon and its metropolitan area across offices, activity spaces, logistics, and investment sectors. In 2025, the office market recorded 184,590 m² of placed demand across 449 transactions with a 7.7% vacancy rate, while the activity spaces market rebounded with 276,466 m² placed (up 7%) and 320 transactions, with the Grand Est zone dominating at 57% of volumes.

Visión Valencia 2025 - Living (Valencia Multifamily / BTR / PBSA Market)

Valencia has consolidated its position as a preferred destination for institutional investors in the Living segment, with Build-to-Rent stock of 1,493 units currently held by institutional investors plus 1,385 additional units expected in coming years, while flex living has emerged as the highest-interest asset class due to high returns despite limited operations constrained by scarcity of large tertiary land with adequate public transport connectivity. The report identifies institutional investor interest as a strategic opportunity for urban regeneration and housing supply stabilization, though Valencia faces the challenge of enabling sufficient developable land to compete with other European capitals while addressing the fact that 95 percent of the city's housing stock was built before 2010.

Sweden Office Market Figures Q4 2025 (Stockholm CBD)

Visión Valencia 2025 - Oficinas (Valencia Office Market)

The Valencia office market report finds that prime buildings are expected to reach 100% occupancy in 2025, with current prime rents at €18.50 per square meter per month and new projects anticipated at €22–24 per square meter per month. Market availability stands below 4%, demand is driven by flexible workspace operators and technology companies, and approximately 35,000 square meters of new office supply is expected in strategic areas including the Marina zone, which has established itself as a new office hub.

Visión Valencia 2025 - Hoteles (Valencia Hotel Market)

Valencia's hotel market expanded significantly between 2019 and 2025, with the number of operating hotels increasing 35% to 201 properties and total rooms growing 14% to exceed 10,000, while maintaining stable 76% occupancy driven primarily by international tourists (65.4% of 3.3 million overnight stays in the first eight months of 2025). Operating metrics show an ADR of 116 euros and RevPAR of 88 euros as of August 2025, with hotel investment reaching 136 million euros in 2024 and notable transactions including a 50 million euro acquisition of Hotel Exe Rey Don Jaime in 2025.

European Retail City Profile - Düsseldorf 2025

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.

Austria Real Estate Market Outlook 2026 (Vienna office, hotel, investment, data centres)

Visión Valencia 2025 - Retail High Street (Valencia Retail Market)

Valencia's prime retail high street zone is expanding driven by tourism and low availability, with rental availability declining to approximately 5% over the past 12 months and streets like Jorge Juan, Ruzafa, and Don Juan de Austria near 0% availability, pushing commercial expansion to adjacent secondary streets around Mercado Colón, Plaza de la Reina, Plaza Mercado, and Calle San Vicente. International operators view Valencia as the third priority city after Madrid and Barcelona for flagship stores, but face challenges due to insufficient large-format retail spaces, while investment yields for prime assets remain near 4% with limited transaction activity as most prime commercial properties are held by private investors with a long-term ownership profile.

Cologne Office Market defies challenges - 2025 results surpass previous year thanks to strong final quarter (Full Year 2025)

The Cologne office leasing market achieved 230,100 square meters of annual turnover in 2025, approximately 5 percent above the previous year's 218,200 square meters, driven by a strong fourth quarter that recorded 65,300 square meters. The top rent remained stable at 33.00 euros per square meter while average rents rose to 20.60 euros per square meter (an 8 percent increase from Q4 2024), and the vacancy rate increased to 5.5 percent by December 2025 from 4.8 percent in Q4 2024, though this remained below the level of top-5 markets.

Luxembourg Office MarketBeat Q3 2025

This Cushman & Wakefield MarketBeat report analyzes Luxembourg's office market in Q3 2025, finding year-to-date take-up of 131,000 sq m and investment volume of €188 million amid an economy forecast to grow only 0.93% in 2025 due to weaker global conditions and U.S. tariff uncertainty. The report indicates occupier activity remains 20% below the 10-year average as businesses adopt a cautious stance, though prime rents in the Cloche d'Or district increased from €38 to €40/sq m/month and overall office vacancy stabilized at 5.17% following 78,000 sq m of new completions in Q3.

Marché des bureaux en régions au 3e trimestre 2025 (chiffres Lyon)

In the third quarter of 2025, France's regional office market posted 628,000 square meters of transactions across seven major metropolitan areas, representing a 5% quarterly decline and a 21% fall below the ten-year average, with Lyon leading at 135,000 square meters despite a 17% annual decrease. Investment in regional commercial real estate totaled 4.4 billion euros over the first nine months of 2025, down 16% year-on-year, with office assets representing 700 million euros (16% of the total) and experiencing a 38% decline, while logistics dominated at 39% of invested volumes.

Luxembourg Office Market - Market Presentation Q3 2025

This document analyzes Luxembourg's office market for the first nine months of 2025, reporting that office take-up reached 128,600 square meters, representing a 42 percent increase compared to the same period in 2024 and a 5 percent rise above the 2020-2024 average. The report notes that despite a Q3 slowdown, the market recorded 137 transactions across nine months, with 80 percent involving spaces smaller than 1,000 square meters, and identifies JP Morgan's 13,975 square meter lease at The Waves in Kirchberg as the largest deal.

UK Build to Rent Market Update – Q3 2025 (Edinburgh)

Investment Market Düsseldorf Q3 2025 - At a Glance

In the first three quarters of 2025, Düsseldorf's investment market recorded €766 million in investment volume, matching the previous year but remaining 55% below the 10-year average of €1.7 billion, with the market ranking fourth among A-cities behind Berlin, Munich, and Hamburg. Net prime yields stood at 4.50% for office properties, 3.95% for inner-city retail, and 4.40% for logistics properties, with no transactions exceeding €100 million recorded so far in the year.

Logistics Market Düsseldorf Q3 2025 - At a Glance

The Düsseldorf logistics market recorded take-up of approximately 227,000 square meters in the first three quarters of 2025, representing a 20% increase year-on-year and 24% above the long-term average, with large-scale contracts accounting for roughly 28% of this activity. Prime rents increased 8% year-on-year to €8.50 per square meter while average rents rose 5% to €6.90 per square meter, driven by high demand for modern ESG-compliant space and limited supply.

Scotland Property Market Snapshot – August 2025 (Edinburgh)

Hotel Market Report Vienna 2025

Luxembourg Office MarketBeat Q2 2025

Luxembourg's office occupational market recorded take-up of 60,975 square meters in Q2 2025, marking one of the strongest quarters since early 2023, driven by large corporate demand for Grade A, ESG-compliant buildings, while prime rents remained stable at €54/sq m/month despite strong activity and vacancy held steady at 5.10% for the first time in several quarters. The investment market recorded modest recovery with €127 million in Q2 transactions, bringing H1 2025 cumulative investment to €158 million significantly below the five-year H1 average of €380 million, with prime yields adjusted downward to 4.90% reflecting cautiously improving sentiment for core assets.

Logistics Market Report Austria 2025 (Vienna logistics hotspots)

Luxembourg Retail MarketBeat H1 2025

This Cushman & Wakefield MarketBeat report analyzes Luxembourg's retail market and economic conditions for the first half of 2025, finding modest GDP growth of 1.04% forecast for 2025, inflation at 2.4% in June exceeding the Eurozone target, an unemployment rate of 5.77% expected for 2025, and retail take-up of just 10,500 square meters across 30 deals with prime high street rents stable at €145 per square meter per month. Investment activity surged to €167 million year-to-date driven entirely by a single €167 million shopping centre acquisition by Wereldhave, while retail yields remained stable at 6.25% for shopping centres and 4.50% for high street properties, though current yield levels reflect market consensus rather than active transactional benchmarks.

Edinburgh Office Spotlight – May 2025

Big Six Residential Development Report - Summer 2025 (Birmingham)

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.

UK Student Market Update – Q1 2025 (Edinburgh)

In Q1 2025, UK purpose-built student accommodation (PBSA) investment completed 18 deals worth nearly £750 million, with 56% of transactions involving operational assets and investors increasingly shifting toward mid-market and value-add properties rather than prime assets due to concerns around occupancy, affordability, and international student mobility. The document identifies key sector challenges including supply slowdown caused by higher build costs and regulatory hurdles such as the Building Safety Act and Gateway 2 process, alongside findings that the total PBSA pipeline stands at nearly 200,000 beds with 23% under construction, while operational performance data shows the market returning to normal leasing patterns with expected rental growth of 4–5% nationally for 2025/26.

Market in Minutes: Edinburgh Occupational Office Data Q1 2025