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Luxembourg Office MarketView Q2 2025

Occupier and investment markets find solid footing in second quarter

September 1, 2025 7 Minute Read

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— Q2 take-up was the strongest quarter since 2023 led by a large corporate pre-leasing The Waves
— Central markets were by far the most popular, accounting for more than three-quarters of activity in H1 2025
— Vacancy remains unchanged from the previous quarter at 4.0%
— Some 37,600 m2 of available new space is expected in the second half of the year
— Several submarkets in Luxembourg City recorded increases in prime rent
— Office investment experienced the strongest quarter since Q4 2022, though institutional investors are still sitting on the sidelines