Most of the European cities ranked experienced an uptick in take-up in 2022, but Central London and Lisbon were the only markets where the take-up exceeded the levels prior to the pandemic. In 2020, the demand for offices plummeted, as the coronavirus led to many businesses transitioning to hybrid work. In Central Paris, the total take-up, which includes the volume of office space newly let, pre-let, sold, or pre-sold, fell from nearly 2.1 million square meters to 1.1 million square meters. In 2022, this figure increased to 1.9 million square meters.
Take-up of office real estate in Europe from 2019 to 2022, by city (in 1,000 square meters)
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BNP Paribas Real Estate. (February 7, 2023). Take-up of office real estate in Europe from 2019 to 2022, by city (in 1,000 square meters) [Graph]. In Statista. Retrieved September 22, 2023, from https://www.statista.com/statistics/874777/take-up-of-office-premises-europe/
BNP Paribas Real Estate. "Take-up of office real estate in Europe from 2019 to 2022, by city (in 1,000 square meters)." Chart. February 7, 2023. Statista. Accessed September 22, 2023. https://www.statista.com/statistics/874777/take-up-of-office-premises-europe/
BNP Paribas Real Estate. (2023). Take-up of office real estate in Europe from 2019 to 2022, by city (in 1,000 square meters). Statista. Statista Inc.. Accessed: September 22, 2023. https://www.statista.com/statistics/874777/take-up-of-office-premises-europe/
BNP Paribas Real Estate. "Take-up of Office Real Estate in Europe from 2019 to 2022, by City (in 1,000 Square Meters)." Statista, Statista Inc., 7 Feb 2023, https://www.statista.com/statistics/874777/take-up-of-office-premises-europe/
BNP Paribas Real Estate, Take-up of office real estate in Europe from 2019 to 2022, by city (in 1,000 square meters) Statista, https://www.statista.com/statistics/874777/take-up-of-office-premises-europe/ (last visited September 22, 2023)
Take-up of office real estate in Europe from 2019 to 2022, by city (in 1,000 square meters) [Graph], BNP Paribas Real Estate, February 7, 2023. [Online]. Available: https://www.statista.com/statistics/874777/take-up-of-office-premises-europe/