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Mild Q1 after banner 2019 in Luxembourg office market

The Luxembourg office market cooled down slightly during the first quarter of the year, but supplies remained tight and the market should simmer up again in the coming months, a real estate brokerage has said.

Only 18,000m2 of office space was signed between January and March 2019, according to CBRE.

“While this is low compared to recent first quarters in terms of volume and deal count, it follows a record fourth quarter and year of more than 250,000m2 of activity,” CBRE stated in a report this week.

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