Rotterdam Office Market Sees Strongest Rental Growth in Europe

Rotterdam recorded the strongest office rental growth in Europe at 28.3% year-on-year, driven by competition for high-quality space among large occupiers and demand for sustainable buildings, according to Cushman & Wakefield's DNA of Real Estate report tracking 43 European cities. Across the Netherlands, Amsterdam Schiphol logistics rents grew 11.1% year-on-year, retail rents increased 2.0% in Amsterdam and 6.3% in Rotterdam and The Hague, and European office rents averaged 5.4% annual growth with the Benelux region leading at 8.2%.

Office Market Düsseldorf Q4 2024 - Report

Düsseldorf's office market recorded take-up of approximately 220,000 sqm in 2024, representing a 21% decline from 2023 due to slow economic recovery, though small spaces up to 2,000 sqm increased by 3% while large contracts exceeding 2,000 sqm fell 49%. Prime rents reached €43.50 per sqm (up 9% year-over-year) and average rents stood at €18.90 per sqm, with vacancy rising to 11.5% overall (though only 8.6% in the city center) and consultancies leading sector demand at 19% of take-up, while the absence of major deals above 10,000 sqm reflected challenging economic conditions despite stable contract numbers compared to the prior year.

Swedish Office Market Report – Autumn 2024

By Q3 2024, Swedish office investment volumes reached SEK 15 billion with domestic investors accounting for 100% of total volume, driven primarily by Swedish institutions and pension funds representing 60% of office transaction volume, resulting in Stockholm achieving Europe's joint-lowest prime yield of 4.0%. Stockholm's CBD office market showed resilience with a vacancy rate of 7.6%—110 basis points below the European average—while coworking space growth slowed after expanding 400% since 2017, as traditional landlords offered more flexible leases and rising costs pressured operators.

Cologne Office Leasing and Investment Market Report Q4 2024 (Full Year 2024)

Cologne's office leasing market achieved 206,000 m² in space volume during 2024, remaining near prior-year levels, with the vacancy rate rising 90 basis points to 3.8% and top rents declining 7% to €31.50/m² due to shortage of premium stock. The commercial investment market recorded €1.01 billion in transaction volume, up 62% year-over-year, driven primarily by two major acquisitions by the City of Cologne including the Rossio office building, with mixed-use properties representing the largest asset class at €385 million and public entities accounting for 65% of buyer volume.

Market in Minutes: Copenhagen High Street 2026 Q1

Vacancy on Copenhagen's high street has compressed to 6.0% from 11.3% over the past year, with 17 vacant units of 284 total, reflecting demand strengthening and property refurbishments including Bestseller's overhaul and Louis Vuitton's relocation. The fashion segment has increased its share of retail stores from 42% to 46% (131 of 284 shops), driven by flagship openings and emerging brands, while average asking rents for high street retail space stand at DKK 9,200 per square meter (gross), with rents ranging between DKK 4,000 and DKK 16,000 per square meter.

Marketbeat Portugal Retail Q1 2026 (incl. Porto / Greater Porto breakout)

The Marketbeat Portugal Retail Q1 2026 report analyzes Portugal's retail market, covering demand trends, rental rates, and development activity across retail formats including shopping centers and retail parks. Key findings include Portugal's GDP growth of 2.3% outperforming the Euro Area, 68 new shop openings in Q1 2026 (a 13% increase year-on-year), a 209,300 square meter retail development pipeline over three years with 96% dedicated to retail parks, and stable prime rents across all formats with expected upward adjustments in the near term.

Italian Retail Market Spotlight Q1 2026 (Rome high-street, +8% YoY)

Italian retail investment reached 700 million euros in the first quarter of 2026, up 23 percent year-over-year, with the sector ranking first in the country's investment market. High-street prime rents hit record levels in Milan at 16,000 euros per square meter annually, up 7 percent, and in Rome at 14,000 euros per square meter, up 8 percent, driven by international retailer demand for central locations.

Stuttgart Büromarktbericht Q1 2026

The Stuttgart office market achieved lettings volume of 30,100 m² in Q2 2026, with cumulative half-year volume of 68,300 m² falling significantly below prior-year levels and long-term averages, while vacancy rose slightly to 5.8% and prime rent remained stable at 37.00 €/m²/month. The construction pipeline totaled 52,100 m² with no completions recorded in Q2, and moderate prime rent increases were expected through year-end.

Zurich Office Market Dynamics, Q1 2026

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.

Focus Report Copenhagen 2025 (Office, Retail, Residential, Industrial & Logistics)

The Focus Report Copenhagen 2025 by Colliers covers the commercial property market in Copenhagen across five segments: office, retail, residential, industrial and logistics, providing market insights, historical rent developments, and key transaction data for Denmark's largest urban area of 1.4 million inhabitants. The report's main findings include that the office market shows a bright outlook with expected annual employment growth of 1.45% through 2028 and low vacancy rates around 7% despite construction activity declining 64% between 2021-2024, while the residential rental market remains robust and the industrial and logistics sector shows healthy occupancy with prospects for continued rental growth.

Stuttgart Office Figures H2 2025

The Resilience of Dutch Prime Shopping Streets 2025 - The Hague (Spuistraat / Grote Marktstraat)

Regional Offices Report 2025 (Manchester)

Prime office rents across the UK's 15 key regional office markets rose by an average of 8.2% in 2025, with the Big Six markets (Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester) experiencing stronger growth of 10.2%, driven by limited supply of high-quality space and strong occupier demand. Investment activity remained subdued at £938 million through Q3 2025, level with the prior year, though sentiment improved and sentiment indicators point to recovery expected in 2026 supported by high-profile asset disposals and improved financing conditions.

Colliers Denmark Market Report 2025 (Copenhagen & Greater Copenhagen breakout)

The Colliers Denmark Market Report 2025 analyzes Danish commercial property market trends across six segments (office, residential, retail, industrial and logistics, hotel, and other), reporting a total transaction volume of DKK 52 billion in 2024, up modestly from 2023 but still significantly below historical averages, with residential properties accounting for 50 percent of transactions and Greater Copenhagen comprising 60 percent of all deals. The report identifies signs of market recovery in late 2024, particularly in residential and industrial/logistics segments, expects renewed international investor participation in 2025 as interest rates decline, and notes that despite yield decompression, positive rental growth in Greater Copenhagen delivered a 5.15 percent total return on commercial property in 2024.

Scotland Property Market Snapshot – November 2025 (Glasgow)

The Nordic Hotel Market (Oslo hotel occupancy & earnings)

Italy Office Market Overview Q4 2025 (Rome - Key Data, 28% of office investment)

Market in Minutes: Glasgow occupational office data Q4 2025

Glasgow's office market recorded 433,781 sq ft of total take-up in 2025 across 137 transactions, the highest annual total on record, with Grade A and Prime take-up reaching 229,087 sq ft (53% of total) and 31% higher than 2024 levels. Prime headline rent remained at £41.50 per sq ft in Q4 2025, having grown 28% over five years, with Savills projecting growth to at least £45 per sq ft by end of 2026 and £50 per sq ft by 2030, while overall availability decreased to 2.1 million sq ft with a 14.1% vacancy rate.

The Nordic Outperformer - Industrial & Logistics (November 2025, Oslo logistics)

Manchester Office Spotlight – Autumn 2025

High Street Retail Report: Lisbon and Porto 2025

The Cushman & Wakefield High Street Retail Report 2025 analyzes retail market performance in Lisbon and Porto, finding that 2024 marked a growth period for high street retail in both cities, with Lisbon's store count increasing 12% since 2019 and luxury and premium segments showing particular dynamism. The report identifies supply constraints as a limiting factor despite rising demand, with rents reaching record levels—Lisbon's Chiado and Avenida da Liberdade saw increases of €10/m²/month in 2024, while Porto's Rua de Santa Catarina and Avenida dos Aliados experienced increases of €5/m²/month and €2.5/m²/month respectively.

Market in Minutes: Copenhagen Residential Q3 2025

Copenhagen and Frederiksberg's residential market faces a pronounced housing undersupply as development activity slows while population continues to grow, with approximately 1,600 new housing units expected annually against a population growth rate requiring around 4,000 residents, exerting upward pressure on both rental and owner-occupier values. Market data shows rental growth accelerating in the new-build segment with smaller flats in central Copenhagen achieving approximately 3,300 DKK/sqm/year, while owner-occupier flat prices have increased 63% since early 2023, with the investment market regaining momentum driven by low vacancy rates, rental growth, and initial yields ranging from 3.50–3.75% for prime locations to approximately 4.0–4.50% in secondary markets and the Copenhagen environs.

Regional Office Market Snapshot – Q3 2025 (Manchester)

Logistics Market Stuttgart Q3 2025

Stuttgart's logistics market recorded take-up of 61,000 square meters in the first three quarters of 2025, down 29.9 percent from 87,000 square meters in the same period of 2024, driven almost entirely by small deals under 5,000 square meters with no major contracts exceeding that threshold. Prime rents remained stable at €8.50 per square meter and average rents at €6.50 per square meter, while weak German economic conditions and global trade uncertainties have dampened demand particularly from the automotive sector, though manufacturing continues as the leading user segment at 27.1 percent market share.

Market in Minutes: Manchester Occupational Office Data Q3 2025

The Latest View on the Manchester Office Market

Manchester Hotel Market Spotlight – YE August 2025

The Manchester Hotel Market Spotlight for the 12 months ending August 2025 reports that branded full-service hotels experienced declining profits with gross operating profit per available room down 13.4%, driven by a 4.0% revenue drop despite a 0.9% increase in average daily rate, while occupancy fell 6.9% to 71.0% amid 1.6% supply growth including 888 new rooms. Gross operating profit margin contracted by 2.7 percentage points to 24.4%, reflecting insufficient cost reductions to offset lower revenues and the impact of increased supply particularly in the Midscale and Upper Upscale segments.

MarketBeat: UK Investment November 2025 (Manchester deals)

UK commercial real estate investment volumes totalled £10.4 billion in Q3 2025, the lowest quarterly figure since Q4 2023, with year-to-date totals of £40 billion representing 3.9% growth over the same period in 2024. The MSCI UK Quarterly Property Index delivered a 1.4% total return for Q3 2025, marking the sixth consecutive positive quarter, with retail posting the strongest performance at 2% quarterly returns and 9.2% annualized returns, while institutional investor activity began showing signs of recovery across multiple sectors.

Italian Investment Market Spotlight - YTD Q3 2025 (Rome 12% of investment)

In the first nine months of 2025, approximately €7.8 billion was invested in the Italian commercial real estate market, representing a 14 percent increase year-over-year, with retail driving growth while hospitality and living sectors also performed well. Prime net yields remained stable across asset classes, with shopping centres at 7.25%, logistics at 5.25%, office at 4.25%, and high street retail at 3.75%, while 230 deals were closed with international capital accounting for 53 percent of investment and Milan capturing 27 percent of total volumes.

Urban Futures – Focus on Manchester

Avison Young's Manchester outlook report assesses the city's real estate market during economic transition marked by rising interest rates, noting that property values have corrected and deal volumes have fallen, though some sectors like Big Box industrial show early recovery signs. The report projects Manchester will outperform the UK on economic growth driven by services and knowledge industries, highlights major office redevelopment schemes attracting major financial institutions, notes a 68% decline in big-box industrial take-up due to economic slowdown and low supply, and identifies Manchester as the second-most active residential investment market after London over the previous decade.

MarketBeat: UK Retail & Leisure Q3 2025 (Manchester High Street)

Cushman & Wakefield's Q3 2025 MarketBeat report on UK retail and leisure markets covers recovery across virtually all sub-sectors in 2025, with improving retailer sentiment driven by three consecutive months of year-on-year retail sales growth, though optimism is tempered by anticipated fiscal tightening in the November budget and economic uncertainty. Key findings indicate supply remained stable at approximately 8% vacancy, total retail investment volumes stayed in line with long-term Q1-Q3 averages at +1%, prime retail assets saw increased activity including URW's 25% acquisition of St James Quarter and 50% stake in the Bullring, and international new entrants and Asian brand expansion are driving global retail demand in the UK market.

Stuttgart Bürovermietung & Investment: Marktbericht Q1-3 2025

Stuttgart's office rental market recorded slightly below-average space turnover in the first three quarters of 2025 due to lack of large contracts in Q3, though broad tenant demand persisted across all size segments and rental revenue remained near the five-year average, while the vacancy rate rose 120 basis points to 6.6% primarily due to obsolete properties in outer districts, contrasting with sustained rent growth in central City and Innenstadt submarkets for modern, high-quality, ESG-compliant office space. The investment market showed early recovery signs in Q3 2025 with transaction volumes exceeding 80 million euros, driven primarily by private investors and family offices on the buyer side, with mixed-use properties representing the dominant asset class at 66% and a top gross yield of 4.8% for office properties.

Logistikvermietung Stuttgart Q3 2025

The Stuttgart industrial and logistics real estate market recorded 69,600 square meters of space turnover in the first nine months of 2025, declining 27 percent year-over-year and falling 57 percent below the five-year average. Demand remains subdued due to economic uncertainty, with 87 percent of all lettings occurring in properties up to 3,000 square meters, accounting for 60 percent of total area turnover, while top-rents stand at 8.50 euros per square meter and average rents at 7.20 euros per square meter.

Italian Office Spotlight - H1 2025 (includes Rome office market)

The document analyzes Italy's office real estate market in the first half of 2025, reporting investment volumes of €900 million (up 15% year-over-year) with 29 deals, while Milan accounted for 79% of activity with prime rents at €750/sqm/year in the CBD Historic Centre. Milan's leasing market achieved 206,000 sqm take-up (up 17% year-over-year), marked as the second-strongest semester in five years, with occupiers increasingly favoring smaller flexible spaces under 1,000 sqm and Grade A space representing 77% of total leasing activity.

Investment Market Stuttgart Q2 2025

BNP Paribas Real Estate's H1 2025 Investment Market report for Stuttgart documents commercial real estate transaction activity, finding approximately €183 million invested across the first half of 2025 (€71 million in Q1 and €112 million in Q2), representing 70% below the long-term average despite a marginal 2% year-over-year increase. Logistics assets dominated with 58.4% market share, office investments accounted for 30.6%, prime yields remained stable at 4.40% for office, 4.25% for logistics, and 3.85% for retail, while 69.4% of investment concentration shifted to the periphery driven by logistics deals, with no transactions exceeding €50 million completed.

Logistikvermietung Stuttgart Q2 2025

The Stuttgart industrial and logistics real estate market recorded 45,500 square meters of transaction volume in the first half of 2025, representing a 29% decline from the previous year and 52% below the five-year average, with small-unit spaces accounting for 92% of transactions and 62% of total turnover. Prime rents stood at 8.50 euros per square meter and average rents at 7.20 euros per square meter, with demand concentrated in small-space segments while the absence of automotive sector demand and expiring leases are shifting the market toward a tenant-favorable environment with increased rental incentives.

Market in Minutes: Manchester Occupational Office Data H1 2025

Manchester's office market in H1 2025 recorded 581,542 sq ft of take-up across 102 transactions, representing 14% growth over H1 2024 and the largest first half since 2019, with Grade A and Prime space accounting for 57% of activity. Overall availability decreased to 2.9 million sq ft with a vacancy rate of 11.1%, while the TMT sector led activity with 42% of total leasing, and Prime headline rents reached £45 per sq ft with developers commencing speculative construction including Landsec's 243,000 sq ft Republic scheme in Mayfield.

Glasgow Office Spotlight – February 2025

Glasgow's office market experienced record take-up of 439,367 square feet in 2024 across 126 transactions, driven primarily by the legal sector which accounted for 41% of professional sector activity, while the market faces acute supply constraints with only 0.8 years of prime office stock available and prime rents exceeding £40 per square foot. The document identifies emerging growth sectors including health tech, fintech, and creative industries alongside traditional strengths in engineering and professional services, with approximately 874 fast-growth private companies and £267 million in venture capital raised over recent years positioned to drive future office demand.

Denmark Logistics Figures Q1 2025 (Copenhagen breakout)

Real Estate Market Q1 2025 in Italy (Rome office take-up 34,000 sqm, prime rent EUR 610/sqm)

Dils' Q1 2025 analysis of the Italian real estate market reports total investments of approximately €2.7 billion, a 44% increase versus Q1 2024, with the Hospitality sector leading at €660 million and Logistics at €640 million. Rome's office market recorded take-up of 34,000 sqm with prime rent reaching €610/sqm/year, while Milan's office sector saw 105,000 sqm take-up and stable prime rent at €775/sqm/year, with national prime logistics yields declining to 5.30%.

Norway Real Estate Market Outlook 2025 (Oslo investment & sector outlook)

Dutch Logistics Market Report 2025

The Dutch Logistics Market Report 2025, published by Knight Frank, analyzes investment and occupier market trends, supply-demand dynamics, pricing, and future prospects for Netherlands logistics real estate. Key findings include investment volume recovery to approximately €3.25 billion in 2024, Tier 1 prime net initial yields compressing to 4.60%, approximately 4.75 million square meters leased in 2024, vacancy declining to a low 4.0%, and constrained supply driven by planning challenges and grid congestion restrictions limiting new construction.

Stuttgart Bürovermietung & Investment: Marktbericht 2024 (Q4 2024)

Stuttgart's office rental market recorded 197,200 square meters in transaction volume during 2024, up 26 percent year-over-year, driven by large lettings exceeding 10,000 square meters and high public sector activity, though vacancy rose to 5.8 percent with divergence between central locations and peripheral districts. The investment market saw commercial transaction volume of 452 million euros in 2024, up 0.7 percent, with mixed-use properties accounting for 48 percent of deals and private investors/family offices representing the largest buyer group at 40 percent.

Dutch Office Market Report 2025 - Occupier Market Trends in the Randstad (Amsterdam, The Hague, Rotterdam, Utrecht)

The report analyzes occupier market trends across four Dutch office markets in 2025: Amsterdam experienced a 14% decline in office take-up to approximately 180,000 sq m, driven by reduced demand for larger spaces and a shift toward units of 200-1,000 sq m, with availability remaining largely unchanged at 990,000 sq m (15.5% of total stock). The Hague saw a notable increase in demand with approximately 104,000 sq m leased (70% higher than 2023), primarily driven by the Central Government Real Estate Agency taking 77,000 sq m, while Rotterdam maintained steady take-up at 87,000 sq m and Utrecht achieved surprisingly strong demand at 115,000 sq m, well above 2023 levels, largely due to major leases from PGGM and De Volksbank.

Logistikvermietung Stuttgart Q4 2024

Stuttgart's industrial and logistics real estate market recorded 125,500 square meters of transaction volume in Q4 2024, representing a 40 percent decline year-over-year, with top rents rising 2 percent to €8.50 per square meter and average rents increasing 3 percent to €7.20 per square meter. Production and manufacturing accounted for 52 percent of demand, the majority of transactions occurred in properties under 3,000 square meters, and Ludwigsburg, Esslingen, and Rems-Murr-Kreis were the three leading submarkets by volume.

HVS Asia Pacific Hospitality Newsletter - Week Ending 19 June 2026

Hospitality News for the Asia Pacific Region

Structural Demand Outpacing Supply: Jobs-to-Permits Ratios Highlight Housing Gap

The NAHB analysis compares net new jobs created in 2024 (approximately 1.8 million) against housing permits issued in 2023 (1.51 million units) to assess whether housing construction is keeping pace with employment-driven demand, finding an overall jobs-to-permits ratio of 1.2 and elevated ratios of 1.84 for single-family permits and 2.61 for multifamily permits. The document identifies metropolitan areas with the highest housing supply pressures (Fairbanks, Morgantown, Battle Creek) and lowest pressures (Weirton, Wheeling, Elkhart), attributing imbalances to factors including construction costs, labor shortages, land availability, and regulatory barriers, while noting that multifamily development has played a more significant role in high-demand markets than single-family construction.

The Operational Standard Residents Expect — And Why It’s Higher Than Ever

By Crystal Jackson and Aryne Bailey In conventional multifamily, it’s easy to assume that competition is driven by what residents can see: upgraded finishes, new amenity packages or the latest… The post The Operational Standard Residents Expect — And Why It’s Higher Than Ever appeared first on Multifamily &…

46% of Home Sellers Gave Concessions to Buyers in May, the Highest Share on Record For That Month

Nearly half of U.S. home sellers gave concessions to buyers in May, the highest May share in our records Concessions were most common in Nashville, the nation’s strongest buyer’s market, where three-quarters of sellers handed out concessions to attract buyers. They were least common in the Bay Area and other…

The Big Nine Q1 2026 - Birmingham Office Market

Birmingham's office market recorded take-up of 143,464 sq ft in Q1 2026, with city centre deals totalling 106,724 sq ft across 24 transactions while out-of-town activity generated 36,470 sq ft in 6 deals. Prime rent reached £52 per square foot, representing 12% quarterly growth and 20% annual growth, vacancy remained at 11.4% (down 50 basis points year-on-year), and future supply is constrained with only 155,000 sq ft annually forecast for delivery over 2026–2028 compared to the historical average of 330,000 sq ft.

MarketView Snapshot Office Geneva Q1 2026

Birmingham Market in Context

Market in Minutes: Leeds Occupational Office Data Q4 2025

Leeds office market take-up totalled 625,646 sq ft across 105 transactions in 2025, matching the five-year annual average and representing activity 9% above the five-year average, with Grade A and Prime space accounting for 60% of total take-up at 375,592 sq ft. Headline rents increased 18% year-on-year to £46 per sq ft in Q3 2025, with forecasts predicting 26% growth over the next five years to exceed £58 per sq ft by 2029, while total availability fell to 886,513 sq ft with a 7.2% vacancy rate, and public services, education and health remained the most active sector at 32% of take-up.

Market in Minutes: Leeds Occupational Office Data Q4 2025 (PDF)

Leeds office market take-up reached 625,646 sq ft across 105 transactions in 2025, with Grade A and Prime space accounting for 375,592 sq ft (60% of total take-up), while prime rent increased 18% to £46 per sq ft and overall availability fell to 886,513 sq ft with a 7.2% vacancy rate by Q4 2025. Public services, education, and health was the most active sector at 32% of take-up, led by National Rail's 108,576 sq ft acquisition at 2 Princes Square, and Savills forecasts headline rents will reach £58 per sq ft by 2030 based on revised projections.

Market in Minutes: Leeds Occupational Office Data Q3 2025 (PDF)

Savills Research reports that Leeds office take-up in Q1–Q3 2025 totalled 482,286 sq ft across 78 transactions, representing 12% above the five-year average and 57% Grade A and Prime space, with the Public Services, Education & Health sector accounting for 34% of leasing activity. Total availability at end-Q3 2025 reached 979,103 sq ft with a vacancy rate of 8.0%, while prime rent established a new headline of £46 per sq ft in Q3 2025, up 18% year-on-year, with forecasts predicting growth to over £51 per sq ft by 2029.

LOGIC: West Yorkshire & The Humber - Q3 2025 (Leeds industrial & logistics)

This Knight Frank Q3 2025 report examines occupier and investment market trends in the West Yorkshire and Humber logistics and industrial sector, finding that year-to-date take-up stands at 1.8 million square feet with a vacancy rate of 7.5% and prime rents at £10.00 per square foot in Leeds. The occupier market saw modest Q3 activity but strong pipeline momentum, with demand concentrated in 50,000–100,000 square foot units comprising half of all year-to-date take-up, while the investment market strengthened in Q3 with prime industrial yields in Leeds at 5.25% and portfolio transactions expected to dominate the second half of 2025.

Market in Minutes: Leeds Occupational Office Data Q3 2025

Market in Minutes: Leeds Occupational Office Data H1 2025