Savills Prime Residential Index: World Cities – H1 2024
Which cities have seen price growth in the first six months of the year? Are rents still outperforming capital values? And what do we expect to see for the remainder of 2024?
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Which cities have seen price growth in the first six months of the year? Are rents still outperforming capital values? And what do we expect to see for the remainder of 2024?
Read nowWaiting for the market revival
Read nowQ2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
Spotlight: European Office Outlook – Q2 2024
Q2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
Inflationary pressures and changing consumer behaviour has impacted the sector to varying extents across Europe, but robust investor appetite continues to be driven by the strong underlying fundamentals of the grocery market
European Grocery Market Insight
Inflationary pressures and changing consumer behaviour has impacted the sector to varying extents across Europe, but robust investor appetite continues to be driven by the strong underlying fundamentals of the grocery market
Prime residential rents grew by 2.2% across the 30 cities in the Savills World Cities Index in the first half of the year. Which cities saw the strongest rental growth?
Savills Prime Residential Index: World Cities – Rents and Yields
Prime residential rents grew by 2.2% across the 30 cities in the Savills World Cities Index in the first half of the year. Which cities saw the strongest rental growth?
"For some months now, we have been noticing that more investors are looking to become active buyers again and the number of sales preparations has also increased."
"US cities accounted for 69% of overall legal leasing activity in the world’s largest legal markets, reflecting the dominance of American firms in the sector overall, as well as the tendency for US legal offices to have a lower occupancy density."
"Legal occupiers looking to attract and retain top talent, drive performance, and prioritise ESG requirements are demanding premium space that provides vibrant employee experiences and positive environmental impact. "
"Globally, the majority of the legal sector is maintaining the same or equivalent square footage when renewing their leases or relocating. Just under a quarter are increasing space, and approximately a third are consolidating to smaller footprints. "
"With legal occupiers investing heavily in high-quality offices, effective space utilisation is key to successful real estate strategies. In the last year there has been a trend to formalise hybrid working policies firm-wide."
"Amid a myriad of unique challenges across different global markets, mid-size and large international law firms are adjusting growth plans, office locational strategies and legal renumeration approaches. "
"Legal occupiers are adapting to hybrid working patterns with more flexible, tech-enabled office designs that support modern ways of working. Whilst there is regional variation, the majority of firms today are dedicating more area to multi-purpose shared spaces, which can be used for team-wide meetings, collaborative tasks, or client-facing events. "
"International expansion of US firms has had a profound impact on legal salaries across the globe. US practices represent the top of the market in lawyer renumeration in all the legal markets we analysed. "
"Savills European Real Estate Logistics Census outlines the challenges and opportunities facing Europe’s logistics occupiers, developers and investors"
"Leasing activity recovered in the second quarter of the year, but weakness in Q1 led to a lacklustre first half of the year"
Priorities and preferences have changed, but people across the world are reconnecting. Our latest edition of Impacts, themed ‘reconnect’, explores how real estate is fundamental in helping people and businesses to connect and thrive.