Brief | Adaptive Spaces
EMEA Market Brief
23 Feb 2022
- In EMEA, office leasing activity accelerated in Q4 2021, reflecting a robust pick-up in demand. As the economic recovery strengthens, we expect further increases in 2022.
- At the same time, occupiers are showing a preference for amenity-rich modern space, the choice of which is limited in many markets.
- Most major office markets saw a steady increase in the overall level of completions in 2021, which is a trend we expect to continue in 2022 and 2023, particularly in markets such as London, Berlin and Moscow.
- As well as scale, the next development cycle will need to provide space that is aligned with occupiers’ rapidly evolving needs for quality and amenity. There is emerging evidence of this in the upcoming development of new sustainable office buildings in some markets including Amsterdam and Barcelona, and we expect this to become more widespread.