Real Estate
Europe Office Demand Rises on Boost From Banks and Insurers
- Industry benefited from large financial centers such as London
- Savills warns European office investment deals are in decline
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European office space take-up rose 9% in the second quarter from a year earlier, partly driven by the finance and insurance sector and the enforcement of return-to-work mandates.
Firms linked to finance took the highest share of leasing activity in the first half of 2024, accounting for 25% of take-up compared with 17% in the same period a year ago, according to a report from broker Savills Plc. The City of London saw its share of leasing activity jumping to 34% from 26%.