The Wall Street Journal / November 17th, 2015
The Wall Street Journal reports: New leases for office space in Europe are being signed at a faster rate than any time since the start of the 2008 global financial crisis, signaling positive growth of the office real estate market in this region. The rise in leasing volume in Europe is far from even across the markets, but the gains have outweighed the losses, with office-leasing volumes up by 15% in the first nine months of 2015.
The upward growth in most European cities is attracting investors to the region’s office market. European commercial real estate sales volumes are rising, totaling €200.7 billion invested in the first three quarters of 2015, according to Real Capital Analytics (RCA), a commercial real estate data and analytics firm. The rise in sales volume has partly been driven by investors searching for yield in a low-interest rate environment. The increase in property prices has also led investors to believe that rents will also rise, luring them to purchase properties in the region.
View the full article on The Wall Street Journal: Europe: New Office Leasing Volume Rises