Savills – European Offices, 2Q 2025

The main theme of the report concerns the state and trends in the European office real estate market in the second quarter of 2025.

Key findings include an increase in demand for office space, with office leasing volume rising by 10% compared to the same period last year. The eurozone economy avoided contraction despite high tariff rates, with GDP growth of 0.1%. Some countries, such as Italy and Spain, are experiencing economic strengthening, while the economy in France is slowing. Inflation in the eurozone remained at 2% in July. There is an increase in lease renewals due to rising office fit-out costs and a lack of alternative offerings in central areas.