Figures

Luxembourg Office MarketView Q3 2025

Limited available pipeline continues to keep vacancy in check over the medium term

November 3, 2025 7 Minute Read

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— Q3 take-up moderated after a strong second quarter
— The government continues to play an active role in the occupier and investment market this year
— Vacancy is effectively unchanged from the previous quarter at 3.9%
— Just 9,000 m2 of available new space is expected in the final quarter of 2025
— Howald can be added to the list of submarkets with prime rent increases this year
— Office investment is still muted, with private offices and purchases for own acquisition the driving forces