Supply vs Demand Flashcards
What is the supply/demand situation like in Rome?
Grade A is sought after - 28% of buildings under construction are pre-let
Not much change in take up since 2017
What is the supply/demand situation like in Milan?
Grade A is sought after - 28% of buildings under construction are pre-let
The saturation of the more central submarkets is pushing developers out towards semi-central areas that need requalification
Take up was a record high in Milan in 2018
What is the supply/demand situation like in Barcelona?
38% of the buildings under construction have already been pre-let
Lack of quality spaces puts upward pressure on the maximum rents for the best prime CBD properties, particularly for new-builds and refurbished buildings
Take up increased 13% in 2018
What is the supply/demand situation like in Madrid?
Take up increased 10% in 2018
19% of buildings under construction were pre-let
30% of offices let were Grade A
What is the supply/demand situation like in Paris?
The market remains constrained and undersupplied. Therefore supply of refurbished space has increased.
What is the supply/demand situation like in Berlin?
There is a shortage of supply in Berlin, and most of the new supply has already been pre-let.
Supply in Berlin fell -11% in 2018, but had the highest take up in Germany
What is the supply/demand situation like in Munich?
Supply in Munich is a good 16 % below the long-term average and still 3 % below the 10-year average
Around 28 % of take-up took place outside established office market districts (remaining municipal area) shows the shortage of space in the preferred location
What is the supply/demand situation like in Frankfurt?
Most new supply planned is already pre-let, around 75% of new supply is in city centre where demand is higher
Frankfurt will continue to be the focus of buyers’ attention in 2019
What is the supply/demand situation like in Budapest?
2018 take up was 72% higher than 2017
New supply nearly tripled in 2018 (2019 won’t be as much)
Increasing supply, although 12% of buildings due to complete in 2018 failed to do so.
What is the supply/demand situation like in Warsaw?
Decreasing supply of -19.2% in Warsaw (lowest since 2011) but record-breaking supply is due by end of 2020
Main driver of office take up is increasing demand for office space has increased significantly
