Office Rents map - Colliers International

OfficeRents mapEUROPE, MIDDLE EAST AND AFRICAAccelerating success.

FINLANDEMEA Office Rents H2 2012NORWAYOslo€38.3 5.40% ⊳7.0% 295,000SWEDENStockholm€44.7 4.50% ⊳3.0% ⊳50,000Tallinn€13.4 ⊳7.50% ⊳7.0% ⊳44,200€21.0 5.25% ⊳10.0% 120,000HelsinkiESTONIASaint Petersburg*€25.9 ⊳10.00% ⊳9.1% ⊳550,000RUSSIAKeyCairo€16.4 9.00% N/A 1,210,970EGYPTSAUDIARABIAJeddah€13.3 ⊳10.00% ⊳42.0% 624,880Average class A net rent (EUR/sqm/month)Prime yield (%)Vacancy rate (%)Under construction (sqm)Definitions€21.5 10.00% 46.0% 2,161,483Riyadh• Average Class A net rent: The average open-market tier ofrent that could be expected for a Class A unit of standardsize, commensurate with demand (typically 500-1,000 sq mfor offices), at the survey date. The figure excludes servicecharges and taxes, and does not reflect tenant incentives.• Prime yield: The yield an investor is prepared to pay to buya Grade A building, fully-let to high quality tenants at an openmarket rental value in a prime location. Lease terms shouldbe commensurate with the market e.g. typically 5yrs +.Net initial yield = First years’ net income/purchase price(prior to deducting fees and taxes).• Vacancy rate: Percentage of stock (total completed officefloor space) within the specified area that is unoccupied.For Central & Eastern Europe (excluding Turkey) the figureis relevant to A&B class space only.UNITEDARABEMIRATES• Under construction: Figure represents the amount of newfloor space being actively developed at the stated point in time.Data as at 31st December 2012Arrows indicate expected movement over the next 12 months.IRELANDDubaiAbu DhabiPORTUGALLisbon€14.8 8.00% 11.9% 103,982*Rental figure represents an average of A&B class space in this market.€24.9 10.00% N/A50.0% 554,254€23.1 10.00% 14.0% 667,854Belfast€13.7 ⊳6.25% ⊳26.1% ⊳N/ADublin€20.0 ⊳7.50% ⊳20.0% ⊳0€25.3 ⊳6.00% ⊳18.6% ⊳0GlasgowManchesterMadrid€22.8 ⊳6.00% 12.8% 267,000€25.3 ⊳6.00% ⊳16.4% 34,374EdinburghUNITEDKINGDOMBristol€26.4 ⊳6.25% ⊳18.6% 4,366€23.1 ⊳6.00% ⊳10.0% 17,652SPAINBirminghamLondon - CityLondon - West End€13.3 ⊳6.80% ⊳3.5% ⊳30,000Nantes€12.8 ⊳6.50% ⊳6.0% ⊳11,500Bordeaux€23.1 ⊳6.00% ⊳16.8% 27,871€53.3 5.25% ⊳8.5% 340,150€90.7 4.00% ⊳5.0% 161,372Toulouse€15.0 ⊳6.50% ⊳6.1% ⊳3,600BrusselsParis€57.0 ⊳4.25% 6.7% ⊳1,158,000€10.4 ⊳7.00% ⊳7.1% ⊳10,000Antwerp€15.0 ⊳6.25% ⊳11.1% 44,000FRANCEMontpellierLyon€20.0 ⊳6.00% ⊳6.8% ⊳80,000€12.5 ⊳6.80% 4.3% 10,000€17.8 ⊳6.80% ⊳N/A ⊳139,376AmsterdamNETHERLANDSBELGIUMSWITZERLANDGeneva€43.1 4.25% 3.1% ⊳35,000Marseille€16.6 ⊳6.15% ⊳7.0% ⊳55,000DENMARKDüsseldorf€24.2 5.20% ⊳11.4% 143,900Milan€35.4 N/A5.50% N/A11.3% N/A210,299FrankfurtStuttgart€16.2 ⊳5.20% ⊳5.4% ⊳146,580Zurich€33.6 3.80% ⊳6.3% 350,000Hamburg€22.0 ⊳4.70% ⊳7.4% ⊳247,000GERMANY€30.0 ⊳5.15% ⊳13.9% 376,400CopenhagenITALYRome€26.2 N/A5.90% N/A6.2% N/A8,800€14.5 ⊳5.00% ⊳9.1% ⊳N/A€19.0 ⊳5.00% ⊳7.0% 140,000BerlinMunich€28.0 4.50% ⊳6.1% ⊳352,840€15.0 ⊳6.50% ⊳12.0% ⊳185,500Prague*CZECH REPUBLICVienna€18.5 3.50% ⊳5.5% ⊳80,000AUSTRIAZagreb*€12.0 8.50% ⊳15.0% 79,600POLAND€15.0 7.50% ⊳9.2% 105,000Wroclaw*HUNGARYCROATIA€11.0 ⊳7.50% ⊳12.5% ⊳128,760Bratislava*LATVIASLOVAKIABelgrade*LITHUANIAWarsaw*Krakow*Budapest*€12.5 ⊳7.50% ⊳21.0% 71,000€15.0 ⊳9.50% ⊳14.8% ⊳63,800€22.2 6.25% ⊳8.8% 634,440€14.5 7.50% ⊳4.6% 78,140SERBIAALBANIATirana*€15.5 ⊳14.00% 9.8% 37,000GREECERiga€12.0 8.00% 9.2% 0Vilnius€13.5 ⊳8.00% 13.5% ⊳15,345UKRAINEROMANIAAthens*€12.0 ⊳8.00% 17.0% ⊳12,000Bucharest*Sofia*€15.0 ⊳8.25% ⊳18.5% ⊳207,000€9.0 ⊳9.00% ⊳24.0% 205,000BELARUSMinsk€33.0 ⊳14.50% ⊳7.0% ⊳247,000BULGARIAIstanbulKyiv*€17.4 11.00% ⊳16.8% 258,000€21.9 ⊳7.00% ⊳10.8% 724,198Moscow€52.4 ⊳9.00% ⊳8.4% ⊳2,765,740TURKEYThis document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their owninquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2013. All rights reserved.

Colliers InternationalColliers International is the leader in global real estate services defined byour spirit of enterprise. Through a culture of service excellence, and a sharedsense of initiative, we have integrated the resources of real estate specialistsworldwide to accelerate the success of our clients.When you choose to work with Colliers, you choose to work with the best.In addition to being highly skilled experts in their field, our people arepassionate about what they do. And they know we are invested in theirsuccess just as much as we are in our clients’ success.The foundation of our service is the strength and depth of our specialists.Our clients can depend on our ability to draw on years of direct experiencein the local market. Our professionals know their communities and theindustry inside and out. Whether you are a local firm or a global organisation,we provide creative solutions for all your real estate needs.Our services include:Brokerage Sales and Leasing• Landlord Representation• Tenant RepresentationCorporate SolutionsDevelopment SolutionsInvestment ServicesProject ManagementReal Estate Management ServicesValuation and Advisory ServicesWe cover the following core sectors as well as many specialised sectors:OfficeIndustrial and LogisticsRetailHotelResidentialMixed use

Office ServicesThe key to achieving a successful outcome for our clients is to provide atailor-made solution that meets their needs, whether they are a majorcorporation or a private business, a start-up operation - in whicheversector - or a long established national, regional or local authority.That tailor-made solution may entail securing new offices, disposing ofspace that is no longer required, renegotiating lease terms, merging existingoperations, sub-letting surplus space in the short-term, providing valuationsor strategic advice.As office and business park specialists, we provide our clients witha detailed knowledge of local and regional markets throughout the EMEAregion, each with their different traditions, laws, regulations, tax regimesand recognised procedures.Whether in central business districts, suburban locations or businessparks, our professionals provide expertise at many levels, ranging from theacquisition or disposal of sites to the many aspects of professional real estateconsultancy, from concept and design to fit out and completion, advising onplanning issues, the most efficient use of space, and a whole range of relatedfinancial and strategic matters.

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