EUROPE
THE DNA OF REAL ESTATE Fourth Quarter | 2018
MARKET INDICATORS Offices Rental growth (q/q) 2017 Q4
2018 Q4
Top market
Yield movement (q/q) Outlook
6.7%
All Europe
10.00%
Average 0.3%
Outlook
9.00% Average
0.7%
Bottom market
2018 Q4
Moscow (Centre – grade A+)
Glasgow 0.0%
2017 Q4
No negative growth market
4.51%
4.36%
London - West End (Mayfair & St James's)
3.25%
3.75%
Retail (High street shops) Rental growth (q/q) 2017 Q4
2018 Q4
Top market
Yield movement (q/q) Outlook
2017 Q4
Budapest (Vaci utca) 0.0%
5.25%
Average -0.7%
Istanbul (Istiklal Street) -14.3%
4.75% Average
-0.1%
Bottom market
Outlook
Budapest (Vaci utca) *
7.1%
All Europe
2018 Q4
4.25%
4.18%
Edinburgh (Princes Street) *
-6.7%
4.75%
5.00%
Logistics Rental growth (q/q) 2017 Q4
2018 Q4
Top market
Outlook
2017 Q4
Dublin 3.5%
5.3%
All Europe
Bottom market
0.9% No negative growth markets
Rents
2018 Q4
Outlook
Moscow
12.25%
11.00%
6.18%
5.71%
Average 0.3%
Key
Yield movement (q/q)
Average
No outward movement markets
Yields
Rent rising
Yield moving in
Rent stable
Yield stable
Rent falling
Yield moving out
Source: Cushman & Wakefield Research
*Other markets registered similar yield movements.