According to Savills’ latest research, professional and business services accounted for 24 percent of European office take-up in first half 2026, down from 26 percent in 2025, as lawyers, accountants, and consultants remained active. The tech sector rose from 14 percent to 22 percent of total activity, an increase driven by both expanding artificial intelligence (AI) firms and traditional tech firms resuming activity.
The banking, insurance and finance sector fell from 21 percent to 16 percent, which remains more in line with the long-term average share. Flex offices accounted for 3 percent of office demand, in line with last year, as companies seek interim space amid prime vacancy shortages and show a preference for plug-and-play services.
Average European office vacancy rates remained stable at 9.4 percent during second quarter 2026. Savills’ recent analysis shows central business district (CBD) vacancy rates now average 4.9 percent, with prime CBD vacancy rates
