Rental market conditions continued to be gloomy across Europe but there were some signs of stabilisation, according to Jones Lang LaSalle's latest Office Weather Forecast. The property adviser says it believes the worst rental falls are past in all 27 markets and over half recorded no change in rents in the final quarter of 2009.
Rental market conditions continued to be gloomy across Europe but there were some signs of stabilisation, according to Jones Lang LaSalle's latest Office Weather Forecast. The property adviser says it believes the worst rental falls are past in all 27 markets and over half recorded no change in rents in the final quarter of 2009.
Looking ahead towards the next 12 months, the forecast shows a more positive outlook, as stormy conditions pass in many markets and even some sunny spells are forecast in a few locations, where a return to rental growth is expected.
The forecast and associated map is based upon Jones Lang LaSalle's proprietary prime office data and March office forecasts.
Click on the link below for the weather map.
