A Cushman & Wakefield Research Publication - 2017 Global Forecast

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EUROPE: VACANCY
FORECAST FOR 2019
RANK CITY 2019
1 Berlin 3.1%
2 Munich 3.3%
3 London 4.8%
4 Luxembourg 5.9%
5 Vienna 6.7%
6 Lisbon 8.0%
7 Paris 8.2%
8 Frankfurt 8.6%
9 Brussels 9.0%
10 Bucharest 9.7%
11 Stockholm 10.4%
12 Budapest 11.5%
13 Amsterdam 12.1%
14 Dublin 12.7%
15 Milan 12.8%
16 Rome 13.4%
17 Warsaw 14.5%
18 Madrid 14.5%
19 Prague 16.5%
RANK CITY COMPLETIONS (msf)
2017 - 2019
1 London 19.9
2 Paris 11.0
3 Brussels 9.7
4 Berlin 9.5
5 Munich 8.4
6 Vienna 6.8
7 Bucharest 5.7
8 Luxembourg 5.6
9 Prague 4.6
10 Stockholm 4.5
11 Frankfurt 4.1
12 Warsaw 4.1
13 Dublin 3.8
14 Madrid 1.8
15 Milan 1.3
16 Amsterdam 1.2
17 Lisbon 1.0
18 Rome 0.5
EUROPE: COMPLETIONS FORECAST
2017-2019
RANK CITY *RENT GROWTH
2017 - 2019
1 Madrid 4.8%
2 Moscow 4.6%
3 Berlin 4.3%
4 Stockholm 4.2%
5 Budapest 3.7%
6 Milan 2.9%
7 Dublin 2.8%
8 Frankfurt 2.7%
9 Oslo 2.4%
10 Munich 1.9%
11 Lisbon 1.7%
12 Brussels 1.2%
13 Bucharest 0.9%
14 Rome 0.8%
15 Luxembourg 0.7%
16 Zurich 0.4%
17 Amsterdam 0.4%
18 Warsaw 0.0%
19 Copenhagen 0.0%
20 Vienna -0.3%
21 Paris -1.2%
22 Prague -1.6%
23 London -1.7%
24 Istanbul -2.5%
EUROPE: AVERAGE ANNUAL RENT
GROWTH FORECAST
*Average annual growth rate, Class A