Prime yield for office real estate in Europe 2022-2023, by city
Yields for prime office real estate expanded in all major European markets in 2023. In the fourth quarter of the year, yields were the highest in Sofia, Bucharest, and Newcastle, at 7.25 percent. At the other end of the spectrum were Zurich and Geneva, where prime yields stood below five percent. Yield is an indicator for profitability, with higher yields suggesting higher return. Nevertheless, that comes with higher risk for investors. Competitive markets, where prices also tend to be higher, tend to have lower yields.
