The improvement of economic conditions and the better labour market performance in 2014 positively impacted the office markets in Europe. Office take-up in our sample of 35 European cities totalled closed to 11.7 million m² in 2014, rebounding by 10% over twelve months. The re-emergence of large deals supported strong results in most markets, especially Central Paris, Berlin and Brussels. Cost reduction and rationalisation remained the main drivers of demand and occupiers continued to favour new buildings in well-located areas.
Source : BNP Paribas Real Estate