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: Solid letting market despite economic concerns

Take-up of the year so far reached 108,000 m², the same level as the total year 2010. Market activity sustained by pre-letting and –acquisitions.
The absence of completions during the third quarter led to a quite stable vacancy rate over the quarter at 6.7%, coming from 7.6% in Q3 2010.
The development pipeline for 2011 and 2012 is very low, amounting respectively to 77,400 m² and 48,000 m². The foreseen pipeline for 2013 is higher (101,300 m²) but only includes 23,500 m² of speculative projects.
Prime rents stable across all submarkets, peaking at €38 m²/month in the CBD. Incentives are beginning to decline and, combined with falling levels of supply, upward pressure on prime rents is expected from the end of 2012.
Investment volume reached EUR 52.8 million during Q3 2011, taking the total of the year so far to EUR 160 million; no transactions by institutional investors. Prime yields (6/9 year leases) remained stable in Luxembourg at 6.00%.

Research Reports:

EMEA BioPharma Digest - Q4 2011 - 22/12/2011

EMEA Corporate Occupier Conditions - Industrial - December 2011 - 16/12/2011

ON POINT: Solid letting market despite economic concerns - 17/11/2011

Luxembourg - European Retail Profile - 04/11/2011

Releasing Value from Complex Assets - 15/09/2011

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Contacts


Patricia Lannoije
Valuation & Consulting - Head of Research Belux

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