Take-up of office space in Europe 2016 to Q2 2022
In 2020 and 2021, the European office market saw a substantial drop in leasing activity due to the coronavirus (COVID-19) pandemic. While take-up in both years was below the five-year average, the second half of 2021 saw a clear uptick. At 4.31 million square meters in take-up in the first half of 2022, the European office market has shown that it is well on track of recovery. The big four German cities (Berlin, Hamburg, Munich, and Frankfurt), Paris, and London remain some of the most active office real estate investment markets in Europe.
