
Savills Prime Office Costs: Quarterly Highlights
"Costs climbing, but at a slower rate"
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"Costs climbing, but at a slower rate"

"Tech issues not troubling offices in some markets"

"To what extent is the current supply level and development pipeline enough to satisfy potential demand in 2023?"

"We expect investment activity to remain subdued in Europe until the second half of the year when the economy will slowly start to pick up"

"2022 European office take-up reached 2% above the pre-pandemic average"

"Europe and Middle East office capital values adjust by 18% since Q1 2022"

"Not quite at the pricing plateau yet"

"The rise of economic headwinds produced a turbulent 2022, and the forecast for 2023 shows some trends continuing"

"Rising costs continue to dominate the narrative for global office occupiers, though declining incentives are helping avoid large-scale rent increases"

"The past year has illuminated several key themes which are likely to continue to be at play in 2023"