- June 1, 2013: Vol. 7, Number 6

To read this full article you need to be subscribed to Institutional Real Estate Europe

Office yields across Europe: Been here before

by Richard Fleming

Research from Savills shows that the destabilisation in the European economy has resulted in a CBD office yield gap of up to 550 basis points, when looking at the strongest and weakest markets. The yield shifts suggest that Europe may be returning to pre-euro market characteristics, says the firm’s latest Market in Minutes research publication.

Markets that converged following the introduction of the euro have now diverged, with a significant pricing differential emerging between core and peripheral markets. Annual outward yield shifts of 50 basis points have recently been recorded for Athens, Lisbon and Madrid CBD office markets, to give triple net yields of 8.60 percent, 7.00 percent and 5.90 percent, respectively, between Q1 2012 and Q1 2013. Over

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy