Although the risk from new supply is less than in previous cycles, completions in all the major Western European office markets are likely to push vacancy rates up this year. This will keep rental values under downward pressure. The risk from increased supply is least in the German cities.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services