Search
 

European Rents Grind To A Halt As Economic Downturn Bites

LONDON-Rental growth in prime office space in the majority of European markets has now stopped, according to the latest European rent survey released by Atis Real Weatheralls.

By Graham Parker | Updated on November 27, 2001

LONDON-Rental growth has all but ceased in the major European business centres, according to new research from Atis Real Weatheralls. The agent studied 12 major centres and found that only three have seen any rental growth over the last nine months – Brussels, Madrid and Milan. And of these, Milan is the only centre expected to see rental rates growing over the next 12-18 months.

Peter MacFarlane, International Director at Atis Real Weatheralls, said the majority of European office markets had slowed even well before the terrorist attacks on 11 September.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.