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EMEA Corporate Occupier Conditions, November 2012 - Western Europe

Latest surveys and data indicated that the Eurozone is still struggling, despite some recent encouraging policy developments such as the ECB’s new plan for bond purchases and the German support for the ESM. Uncertainty however remains high amid concerns about Spain’s debt, contagion in Southern Europe and the social, political and economic implications of upcoming austerity drives.

Key Highlights:

  • Central and Eastern Europe continues to see a more favourable
    growth outlook than many of its western European neighbours
  • Occupiers looking to acquire space in the region, have been facing
    less competition for space as the year has progressed.
  • Costs were relatively stable throughout Central and Eastern Europe in
    the third quarter.
  • As we move into 2013 prime rental levels may face some downward
    pressure, however this pressure is more likely to be seen in more
    generous incentive levels rather than reductions in headline rents.

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