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Luxembourg MarketBeat

26/07/2023

Current Marketbeats

Karlin, Prague, Czech Republic
Luxembourg Office Data

Office Marketbeat is a summary of the Luxembourg office property sector providing comment on recent trends as well as market data and analysis.

Office Marketbeat Q2 2023

Shopping Infinity Luxembourg
Luxembourg Retail Data

Retail Marketbeat is a summary of the Luxembourg retail property sector providing comment on recent trends as well as market data and analysis.

Retail Marketbeat Q2 2023

Cushman & Wakefield MarketBeat reports analyse quarterly Luxembourg commercial property activity across office and retail real estate sectors including supply, demand and pricing trends at the market and submarket levels.

ECONOMIC OVERVIEW

After a challenging year in 2022, economic recovery will be modest in 2023, with GDP growth predicted to be about 1.4% for the whole year, above the EU level.

Office

OCCUPIER FOCUS

The Luxembourg office market experienced one of the worst Q2 ever with 25,164 sq m of take-up.

INVESTMENT FOCUS

The market was already investing more than a billion euros in the Luxembourg office market at this time last year, but the volume invested currently totals only 25 MEUR.

OUTLOOK

Due to uncertain economic conditions, some investors have adopted a more cautious approach and have paused their investments.

Download our Office market report below

 

Retail 

LETTING MARKET

Above 9,000 sq m of take-up was recorded during the second quarter of the year, bringing the total of 2023 to 14,600 sq m.

INVESTMENT MARKET

Only one investment transaction was observed in the retail segment since the beginning of the year.

OUTLOOK

To counter inflation in the Eurozone, the European Central Bank continue to raise its interest rates, the latest one dating back from June 2023.

Download our Retail market report below

Cushman & Wakefield MarketBeat reports analyse quarterly Luxembourg commercial property activity across office and retail real estate sectors including supply, demand and pricing trends at the market and submarket levels.

ECONOMIC OVERVIEW

After a challenging year in 2022, economic recovery will be modest in 2023, with GDP growth predicted to be about 1.4% for the whole year, above the EU level.

Office

OCCUPIER FOCUS

The Luxembourg office market experienced one of the worst Q2 ever with 25,164 sq m of take-up.

INVESTMENT FOCUS

The market was already investing more than a billion euros in the Luxembourg office market at this time last year, but the volume invested currently totals only 25 MEUR.

OUTLOOK

Due to uncertain economic conditions, some investors have adopted a more cautious approach and have paused their investments.

Download our Office market report below

 

Retail 

LETTING MARKET

Above 9,000 sq m of take-up was recorded during the second quarter of the year, bringing the total of 2023 to 14,600 sq m.

INVESTMENT MARKET

Only one investment transaction was observed in the retail segment since the beginning of the year.

OUTLOOK

To counter inflation in the Eurozone, the European Central Bank continue to raise its interest rates, the latest one dating back from June 2023.

Download our Retail market report below

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