Regional markets are showing growing leasing momentum. In H1 2026, gross take-up reached 307,300 sq.m., with 60% comprising new leases and expansions. The high share of net transactions may signal tenants' return to active office space planning following a period of limited activity.
New supply remains well below historical levels, with 73,700 sq.m. delivered year-to-date and only 150,400 sq.m. under construction. The pipeline of planned developments continues to shrink, reflecting developers' sustained caution.
In Q2 2026, the vacancy rate stood at 17.3%. However, the market is bifurcated: older buildings remain largely unleased, inflating the overall vacancy rate, while Grade A offices command rents of up to €20/sq.m./month amid strong demand.
