The growth of the European office leasing market continues until the end of the year

The overall European leasing market recorded positive growth in 17 major office market markets, as the Eurozone economy continued to drive recovery and the market sentiment improved in the region, according to Colliers International. The report of 85% of the highest quality property rentals in the office market in Europe and the Middle East has risen or remained unchanged over the past six months, the report confirms.
Most notably, the office market saw strong growth in Germany and jumped 25% in Stuttgart’s gold CBD rent. Munich also reported that rents have increased more than in the second half of 2010. The gradual result of rents is economic improvement and greater confidence in the market in Europe, especially the UK and Germany. This is combined with a general lack of modern space, due to the low volume of new speculative completion of the Central Business District.
Despite these increases, a more sustainable recovery in the Southern European job market is expected to wait until the end of the year, or more likely 2015. Media and technology companies were the second most active time, with 21% of the market occupying the entire six cities of London, Paris, Amsterdam and Germany.

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