Savills: Prime office rents stabilise in Dusseldorf in 3Q15

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In its latest (3Q15) Market Report on the European office sector, Savills noted that prime rents and secondary rents in Dusseldorf were, respectively, EUR312 and EUR195 per square metre per year. Prime rentals have stabilised, having fallen by 5% year-on-year in 1Q15. Looking forward, Savills anticipates that take-up of office space will increase. Supply of new space is expected to fall. Prime rents are expected to remain stable. In its report, Savills highlighted how the vacancy rate for prime office space has fallen by 60 basis points over the last year to 10.2%.

Source : Savills/December 2015/Dusseldorf/OFF