Market Size of Europe Office Real Estate Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Office Real Estate Market Analysis
The Europe office real estate market is poised to register a CAGR of more than 4% during the forecast period.
- The performance of the European office real estate market is strongly connected to the growth of the region's economy. Though the European economy is recovering from the consequences of the COVID-19 pandemic, the office real estate industry may take some time to reach normalcy.
- European office take-up fell 14% below the five-year Q1 average during Q1 2023. The markets reporting the largest increase in take-up in Q1 against the five-year average were Oslo (+50%), Prague (+19%) and Madrid (+5%). At the other end, Dublin (-62%), Bucharest (-57%) and Lisbon (-55%) reported the largest decreases. In Lisbon, the drop in take-up is largely due to the lack of stock available. 2022 was a record year for take-up in Lisbon with the highest 272,000 sq m recorded, but it now faces the challenge, much like other markets, of not having enough quality stock for occupiers where there is pressure to let Grade A space.
