• Take-up result declined by 12% – result above the 5-year average
  • Shortage of supply intensifies further – 63% of newly built space until 2021 is already pre-let or absorbed by owner-occupiers
  • Vacancy rate drops to 4.0% - rental prices rise significantly
  • Transaction volume of almost six billion euro – new historic record result
  • Large-scale deals determinant factor
  • Net initial yield still quoted at 3.00%