Commercial Real Estate Market Research. Jones Lang LaSalle Luxembourg

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Today's changing real estate market dynamics and the volatile world in which our industry operates require knowledge and intelligence to create competitive advantage like never before. Jones Lang LaSalle's industry-leading research group delivers market analysis and insights that drive value in real estate decisions and support successful strategies for our clients.

Featured Research

ON POINT: Luxembourg City Profile Q4 2009

Take-up reached 100,500 m² in 2009, with corporate take-up ‘only‘ down 22%.
Completion level was high during 2009: 142,000 m² of new office space of which no less than 50% was unoccupied upon delivery.
This, combined with the poor demand from the public sector, made the vacancy rate increase from 1.7% at Q4 08 to 5.3% in Q4 09.
Nevertheless, still the lowest in Europe.
In total some 74,000m² is expected to enter the market speculatively in 2010, mainly in the decentralised and pheripherical districts.
Prime rents in the CBD decreased during the course of 2009 from €40 m²/month to €38 m²/month. Outside the CBD-districts, increased competition among developers following the increased vacancy could bring rents down further.
The real estate investment volume in Luxembourg for 2009 (EUR 0.46 billion) maintained a same level as the year before but remains far below the record years of 2006 and 2007.

Research Reports:

ON POINT: Luxembourg City Profile Q4 2009 - 22/02/2010

ON POINT: Luxembourg City Profile Q3 2009 - 25/11/2009

ON POINT: Luxembourg City Profile Q2 2009 - 24/08/2009

Key Market Indicators Q2 2009 - 13/08/2009

European Office Yield Tracker Q2 2009 - 10/08/2009

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Contacts


Patricia Lannoije
Valuation & Consulting - Head of Research Belux

+ 32 (0)2 550 25 04
patricia.lannoije@eu.jll.com