Colliers – EMEA City Office, Oct 2025

The report focuses on the analysis of the office market in the EMEA region (Europe, Middle East, and Africa) for the second quarter of 2025.

Economic sentiments continue to fluctuate, but there is a growing acceptance of market instability as a structural feature. In the Eurozone, interest rates have been lowered in line with lower inflation, while in the UK, inflation remains high, slowing the normalization of interest rates. Investors show increased confidence in decision-making despite volatility. The office sector recorded transaction volumes of €21.4 billion in the first half of 2025, accounting for 22.5% of total investment activity in the EMEA region. There is renewed interest from institutional investors in high-quality office assets that are well-positioned to thrive in the post-pandemic landscape.