emea office rent map 2012 h1
TRANSCRIPT
OfficeRents mapEUROPE, MIDDLE EAST AND AFRICA
Accelerating success.
IRELAND
UNITED KINGDOM
FRANCE
SPAIN
PORTUGAL
BELGIUM
NETHERLANDSGERMANY
DENMARK
SWEDEN
NORWAY
FINLAND
RUSSIA
ESTONIA
LATVIA
LITHUANIA
BELARUS
POLAND
UKRAINE
SWITZERLAND AUSTRIA
CZECH REPUBLIC
SLOVAKIA
HUNGARY
CROATIA
SERBIA
ALBANIA
ROMANIA
BULGARIA
TURKEY
GREECE
ITALY
Edinburgh
Birmingham
Abu DhabiDubaiRiyadh
Jeddah
Cairo
ManchesterDublin
London - City
London - West End
Paris
Brussels
Lyon
Marseille
Bordeaux
Belfast
Geneva
Madrid
Rome
Milan
Lisbon
Zurich
Stuttgart
Munich
Frankfurt
Düsseldorf
Hamburg
Amsterdam
Copenhagen
Stockholm
Oslo Saint Petersburg
Tallinn
Riga
Minsk
Vilnius
Moscow
Warsaw*
Kyiv*
Bratislava*
Budapest*
Zagreb*
Belgrade*Bucharest*
So�a*
Tirana
Athens*
Istanbul
Prague*
Glasgow
Vienna
Bristol
Berlin
Antwerp
UNITED ARAB
EMIRATES
SAUDIARABIAEGYPT
€62.0 ��4.50% ��7.0% �1,300,000
€45.1 �4.25% ��2.8% �25,000€18.8 ��
6.00% ��6.8% ��N/A
€15.9 ��6.15% ��6.5% ��50,000
€13.5 ��6.50% ��6.5% ��N/A
€14.0 ��6.25% ��26.3% ��N/A
€33.3 �4.00% ��5.4% �300,000
€19.0 ��5.40% ��5.3% �125,700
€17.8 ��6.65% ��N/A ��121,000
€19.0 ��5.00% ��7.5% �100,000
€13.4 ��7.50% ��7.4% �65,000
€26.1 ��10.00% ��11.4% �400,000
€59.2 ��9.50% ��8.4% �3,176,150
€12.0 �8.00% ��11.4% �6,790
€33.0 ��14.50% ��14.0% ��254,000
€13.5 ��8.50% ��12.7% �19,400
€15.5 �6.50% ��11.5% �145,500
€11.0 ��7.50% ��10.7% �109,340
€18.5 �3.50% ��5.5% ��80,000
€12.5 ��7.75% ��21.3% ��33,000
€22.2 ��6.50% ��7.4% �565,630
€18.2 N/A12.00% N/A16.0% N/A112,000
€27.5 �4.50% ��6.4% �269,810
€10.4 ��7.00% ��7.8% ��12,000
€22.0 ��4.70% ��7.4% �215,000
€30.0 ��5.20% ��14.7% �341,100
€23.0 ��5.20% ��11.3% �212,000
€14.6 ��5.00% ��9.0% ��N/A
€43.7 �4.75% ��4.0% ��80,000
€35.9 ��5.50% ��7.6% �311,000
€9.0 ��9.00% ��23.0% �361,100
€15.5 ��14.00% ��11.1% �N/A
€15.0 ��8.00% ��17.6% �131,400
€15.5 N/A9.00% N/A16.0% N/A60,500
€12.5 ��9.00% ��13.0% �102,240
€13.0 ��7.75% ��16.0% ��8,000
€40.0 ��5.50% ��11.0% �210,000
€15.2 �8.00% �12.2% �84,210
€29.0 ��5.85% �6.4% ��10,000
€23.5 �5.90% �11.5% �275,000
€20.0 ��7.50% ��18.0% ��0
€24.6 ��6.00% ��16.8% �30,190
€23.5 ��6.00% ��17.4% �27,870
€54.2 �5.25% ��8.7% �223,390
€89.4 �4.00% ��5.0% �288,520
€26.8 ��6.25% ��19.8% �0
€23.5 ��6.00% ��10.4% �17,650
€25.7 ��6.00% ��14.0% �15,610
€26.0 �10.00% �50.0% �843,160
€24.0 �N/A �14.0% N/A849,000
€19.8 �10.00% �42.0% �2,227,970
€16.4 ��N/A N/AN/A ��437,040
€17.2 �9.00% �N/A �1,412,130
€22.6 ��7.00% ��12.8% �400,000
€15.0 ��6.00% �10.6% ��223,000
EMEA Office Rents H1 2012
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2012. All rights reserved.
Key
Average class A net rent (EUR/sqm/month)
Prime yield (%)
Vacancy rate (%)
Under construction (sqm)
Definitions• AverageClassAnetrent:The average open-market tier of
rent that could be expected for a Class A unit of standard size, commensurate with demand (typically 500-1,000 sq m for offices), at the survey date. The figure excludes service charges and taxes, and does not reflect tenant incentives.
• Primeyield:The yield an investor is prepared to pay to buy a Grade A building, fully-let to high quality tenants at an open market rental value in a prime location. Lease terms should be commensurate with the market e.g. typically 5yrs +. Net initial yield = First years’ net income/purchase price (prior to deducting fees and taxes).
• Vacancyrate:Percentage of stock (total completed office floor space) within the specified area that is unoccupied. For Central & Eastern Europe (excluding Turkey) the figure is relevant to A&B class space only.
• Underconstruction:Figure represents the amount of new floor space being actively developed at the stated point in time.
Data as at 30th June 2012
Arrows indicate expected movement over the next 12 months.
*Rental figure represents an average of A&B class space in this market.
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The foundation of our service is the strength and depth of our specialists. Our clients can depend on our ability to draw on years of direct experience in the local market. Our professionals know their communities and the industry inside and out. Whether you are a local firm or a global organisation, we provide creative solutions for all your real estate needs.
Our services include:
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We cover the following core sectors as well as many specialised sectors:
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The key to achieving a successful outcome for our clients is to provide a tailor-made solution that meets their needs, whether they are a major corporation or a private business, a start-up operation - in whichever sector - or a long established national, regional or local authority.
That tailor-made solution may entail securing new offices, disposing of space that is no longer required, renegotiating lease terms, merging existing operations, sub-letting surplus space in the short-term, providing valuations or strategic advice.
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