City Survey
Q2 2025
Executive Summary
Recovery in the office letting market continues – large scale lettings dominate the result of the first half of the year, prime rents with further upward momentum
Investment market sentiment improves – but transaction activity remains subdued in the face of ongoing challenges, especially in the large-volume segment
Industrial & logistics split in two – investment activity subdued, mainly due to low portfolio activity, rental market exceeds previous year’s level
Retail properties at previous year’s level – focus on retail park segment drives investment turnover, accelerating momentum in shopping centres
Residential investment market with good half-year result – portfolios support investment market, investor interest continues unabated with persistent but slightly weaker rental momentum