Savills is forecasting that office take-up across Europe’s cities will rise 3 percent year-on-year in 2026 compared with 2025.
Fourth quarter 2025 saw take-up fall by 10 percent year-on-year as occupier caution remained elevated and geopolitical factors extended decision-making periods, but Savills said the volume of requirements it is tracking in the market remains strong and it anticipates a 3 percent increase in take-up year-on-year. This will make 2026 the strongest year for the European office market since 2022.
Savills said Frankfurt (up 45 percent) and Dublin (40 percent) markets performed most strongly against their respective five-year averages in fourth quarter 2025, led by megadeals signed by Commerzbank and Workday. Southern, Central and Eastern European markets continue to support headline leasing figures, driven by strong domestic economies, and more generally, the banking and technology sectors became more active over the course of last year.
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