A Cushman & Wakefield Research Publication

“

The European outlook is broadly

landlord-favorable or neutral.

Locations classified as tenant-

friendly typically have rising

development activity impacting

vacancy and rental growth.”

The duration of a typical real estate

cycle is estimated to range from 7 to

10 years which would place the current

cycle at an advanced stage. Office rents

in many European property markets are

now above previous cyclical highs while

employment growth is set to moderate

going forwards. The combination of these

factors coupled with an uptick in new supply

for certain locations means that rental growth

is set to slow over the forecast period. The best

rental growth performers will continue to be the

peripheral European economies of Ireland and Spain

plus Portugal, still befitting from a cyclical upswing

after being impacted the most during the GFC and

Eurozone crisis.

MOSCOW

WARSAW

ISTANBUL

BUCHAREST