Research

Luxembourg Office Market Report 2023

Another difficult year before the recovery ?

January 29, 2024
Contributors:
  • Pierre-Paul Verelst
  • Emna Rekik
  • Vincent Van Brée
  • Valina Sempot - vsmc bv/srl
  • A difficult year in Luxembourg characterized by a drop in occupier demand, rising vacancy and rental growth in several districts. 

  • Market fundamentals deteriorated somewhat while remaining comparatively strong looking at the structurally low vacancy and rental evolution. 

  • More robust demand for offices is anticipated in 2024, among others with the completion of delayed deals. 

  • However, vacancy should continue to increase due to speculative deliveries leading to a moderate rental growth.

Fill out this form to download report

There was an error submitting the form. Please try again. 

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

You may also like

United States | Workplace | April 09, 2024 | Banking & Finance | Financial services

Financial Services: Future of Innovation Hubs

Download JLL’s banking research on the future of financial services innovation hubs

Global | Workplace | April 03, 2024

Real estate outsourcing and dynamic partnerships

In this research, we explore how evolving workplace strategies are transforming real estate services outsourcing.

EMEA | Workplace | March 27, 2024

EMEA Fit-out Cost Guide 2024

Understand workplace trends impacting office design and associated fit-out costs.