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Take-up of office space in Europe 2016 to Q2 2021

Published by Statista Research Department, Nov 23, 2021
In 2020, the European office market saw a substantial drop in leasing activity. While take-up of office space in the first quarter of the year was close to the levels observed in the previous four years, take-up in the second quarter halved. At approximately 6.24 million square meters, the European office take-up in 2020 was approximately 2.5 million square meters below the four-year average. Under the effects of the coronavirus (COVID-19) pandemic, investments into the sector fell across most major European markets.

Take-up of office real estate in Europe from 2016 to 2nd quarter 2021 (in million square meters)

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Release date

August 2021

Region

Europe

Survey time period

2016 to Q2 2021

Supplementary notes

Figures rounded.
* Calculation by Statista.

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