In recent months, multiple government changes, domestic instabilities across Europe and geopolitical headwinds farther afield have affected the European real estate landscape.

All of these factors have a direct influence on the markets where the Society of Industrial and Office Realtors’ (SIOR) 4,000 global members operate. And after hearing from these members, it is clear there are several interconnected trends emerging within the office and industrial sectors. These are driven by geopolitical and macroeconomic considerations, together with the need to decarbonise real estate and the rapid adoption of technology and artificial intelligence (AI).

Undoubtedly some of these trends present challenges, but there are also tremendous opportunities going into 2025 and beyond.

The Trump card

A US election year always causes some uncertainty globally, followed by a boost in activity post-election.

There are concerns around potential globa