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European Office Weather Map Spring 2011

Forecasting a cyclical high across the region…

Jones Lang LaSalle’s office weather map forecasts high pressure across the region for the next 12 months.

Conditions in the majority of markets across the region currently show either stabilisation or rental growth and over the next 12 months rents in most markets are expected to grow. Some cities, like Paris, Oslo, Berlin and Moscow have already seen solid rental growth and there is more to come but the outlook also improved for other locations, with Germany and the Nordics seeing rents increasing. Market conditions elsewhere have improved too with rents stabilising on the back of new supply decreasing firmly and positive expectations for renewed demand. The new weather map reflects a large improvement on our Spring 2010 edition, when forecasts showed showers for many markets in the region.

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