Figure

Luxembourg Office MarketView Q2 2022

03 Aug 2022

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— Quarterly office take-up of 42,400 m² obscures the consistency of the market in an uncertain
environment

— Vacancy increased slighly to 4.3% from new completions with available space.

— New completions totalling 16,400 m² bring the H1 total to 57,000 m².

— New activity in the CBD pushes prime rent to a record 54 €/m²/mo (excl VAT).

— New investment was limited in Q2, while prime yields increase to 3.50%