Europe’s office market is defined by intensifying demand for best-in-class space and a growing imbalance between supply and occupier demands, according to Cushman & Wakefield’s latest EMEA Offices Update.
In 2025, class A leasing reached a record 52 percent of all office leasing activity in Europe, the Middle East and Africa (EMEA), prime rents rose for the 20th consecutive quarter and grade A vacancy tightened to just 3.5 percent. At the same time, development pipelines fell to their lowest level since 2016, creating a more competitive landscape for occupiers and renewed opportunity for investors. Lenders also returned with loans of up to 60 percent loan to value and margins below 200 basis points, reinforcing wider improvements in confidence.
“Quality has become the central focus for occupiers across Europe, and this is tightening the availability of high specification space,” said Javier Bernades, head of offices, EMEA
