Luxembourg Office MarketView Q4 2017
Office take-up in Q4 2017 of 37,500 m2 brought the annual total to 213,000 m2. Despite the moderate take-up volume in the final quarter, the quantity of deals was among the highest in the last decade. The IT company 3C Payment claimed the largest deal of the quarter by letting 2,356 m2 in Leudelange. There were no project deliveries in Q4, contributing to a very low vacancy of 4.4%. CRE investment of €224 million for the quarter brought the annual total to
€1.19 billion. Prime yields remain under pressure and are estimated at 4.0%.