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European real estate marketCNBC
β’91% Informative
The U.K. is leading a recovery in Europe 's long subdued office real estate market.
Britain recorded 4.1 billion euros ( $4.52 billion ) worth of office transactions in the first six months of 2024 .
Ireland , the Netherlands and southern Europe are also showing momentum, according to Savills .
Occupancy rates remain a concern, with a divide emerging between highly amenitized properties with green credentials and those without.
Central business district, or CBD, properties with close proximity to public transport and local amenities are of high demand.
Grade A offices accounted for more than three-quarters ( 77% ) of London 's office leasing activity in the second quarter of this year .
It comes on the back of a wider shift toward greener buildings amid incoming energy efficiency requirements.
VR Score
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