The DNA of Real Estate: Q4 2014 - Cushman & Wakefield

The DNA of Real Estate: Q4 2014

The full report

The DNA of Real Estate is a detailed look into the key office, logistics and high street destinations within Europe, providing a summary of prime rents and yields for the respective cities and markets.

The report also provides an overview of the pertinent corporate real estate trends in the various regions.

 

KEY HIGHLIGHTS FROM THE MARKET PERFORMANCE IN Q4 2014 INCLUDE:

• The overall European market witnessed the strongest annual prime rental growth in the high street retail sector, at 1.5% growth, followed by offices (a low 0.2% growth), whereas logistics saw an overall fall in rents for the region by -2.2%

• Western Europe has benefitted from positive, albeit relatively low, year-on-year prime rental growth in all 3 sectors, whereas Eastern Europe saw rates decline in all 3 sectors

• Burgeoning Dublin yet again saw the highest prime rental growth in the office sector over the year (28.3%) and is anticipated to keep its upward trajectory

• While Paris had the highest prime high street retail rent in Q4 2014 at €13,255 sq.m/yr, Istanbul achieved the highest annual growth in figures (19.1%)

• London was top in Q4 as the most expensive city for prime office and logistics rents, with rates of €1,595 sq.m/yr and €180 sq.m/yr, respectively

• The all sector, all European country prime yield aggregate for Q4 2014 is 6.58% (compared with 6.55% in 2013 and 6.68% in 2012), and this figure is expected to come under a downward pressure in the short-term