OFFICES IN EUROPE: BEGINNINGS OF A GRADUAL RECOVERY IN SIGHT
OFFICES IN EUROPE: BEGINNINGS OF A GRADUAL RECOVERY IN SIGHT
OFFICES IN EUROPE: BEGINNINGS OF A GRADUAL RECOVERY IN SIGHT
Market fundamentals remain healthy with vacancy rates below 5% in most countries. The lack of new developments remains supportive of rental growth in prime sectors although weaker demand offsets its momentum.
With a global reset in financial conditions, no country can escape consequences, no matter how large the domestic market is. More so these days for Europe given the international nature of real estate investment.
€32.7bn were invested in Europe over Q1 2024 which represents a 10% decrease versus Q1 2023. This is the lowest level for a Q1 since 2011
BNP Paribas Real Estate PM expands european cooperation
THE EIPF FUND MANAGED BY BNP PARIBAS REAL ESTATE INVESTMENT MANAGEMENT CONTINUES TO EMBRACE SUSTAINABILITY AND DIVERSIFICATION
The real estate cycle that began with the GFC in 2008 explicitly came to an end in 2023. What was notable about the end to this cycle was its elongated nature: drawing the cycle to a close took an entire year.
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