Office Rents map - Colliers International

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.