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European Office rents keep falling - CBRE

16 June 09 - RE+D Magazine
European Office rents keep falling - CBRE

COMPANIES

PROPRIUS

Consultant - GREECE

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

Solum Property Solutions

Consultant - GREECE

PEOPLE

For the first time in the current cycle the EU-27 office rent index is falling on both a quarterly and an annual basis. The index has fallen by 3.6% since the end of 2008 driven strongly by London and Madrid, and by some of the key CEE markets also falling substantially. A steeper decline in the index was prevented by rents remaining stable in a few key markets such as Milan, Rome and Frankfurt.

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