City Survey
Q3 2024
Executive Summary
This is what we will be dealing with in Q3 2024:
- Economy: No recovery expected in the short term, cautious outlook for 2025
- Inflation & interest rates: Inflation ‘on track’, ECB continues cycle of interest rate cuts
- Germany as a business location: stress test for Germany as a business location
- ESG: CSRD with massive impact on demand for space
- Artificial Intelligence: New Horizons and Opportunities for Innovation
Real estate market summary
Investment market without revival – market continues to tread water
Economy dampens office market – Slight recovery of the office leasing market in the top 7 continues
Industry & Logistics at previous year’s level – Solid activity in the rental and investment market
Retail properties in demand – mixed-use uses with retail components and special situations characterise the market
Residential investment market picks up in the third quarter – large portfolio transactions drive transaction volume