
Spotlight: Savills Prime Office Costs – Q4 2022
Contains 2 articles"The rise of economic headwinds produced a turbulent 2022, and the forecast for 2023 shows some trends continuing"
Tagged Articles

"The rise of economic headwinds produced a turbulent 2022, and the forecast for 2023 shows some trends continuing"

"Rising costs continue to dominate the narrative for global office occupiers, though declining incentives are helping avoid large-scale rent increases"

"The past year has illuminated several key themes which are likely to continue to be at play in 2023"

"European occupier demand intensifies for the best space as prime rents rise by an average 5.5% YoY"
.jpg)
"European prime office yields move out by an average of 40 bps since Q1 2022 due to rising risk-free rates"

"Occupational office markets remain robust, but prices and transaction volumes are falling, with a likely quiet quarter ahead"

"Rising costs remain and green shoots appear"

"Ongoing uncertainty remains a key driver of office market pricing"

"Global differences and complexities around ‘green’ office space requires local knowledge"

"London and Top 7 German office markets remain most attractively priced"