City Survey
Q1 2025
Executive Summary
Significant recovery in the office letting market – Major lettings shape the result at the start of the year
Industrial & logistics remains in demand – High market activity despite lack of portfolio transactions, rental market exceeds previous year’s level
Investment market with solid start to the year – Activity level rises despite additional challenges
Retail properties at previous year’s level – Brisk trade in food-anchored retail warehouses continues over the turn of the year
Hotel properties on the upswing – Solid first quarter despite high economic uncertainty
Residential investment market with a strong start to the year – Investor interest remains high amid continued rental growth
Office and commercial buildings outside the top 7 – Recovery weaker than in the overall market