Average occupancy costs in Europe will grow 2% year-on-year to 2015, according to the fourteenth edition of DTZ’s annual Global Occupancy Costs: Offices survey. Rental increases will drive the forecast rise in occupancy costs across Europe. Other outgoings, such as property taxes and service charges, are also set to increase. However, occupiers will continue to benefit from substantial savings in many markets. Growth will be lower across Europe than will be seen globally, and by 2015, occupancy costs will remain 11.7% lower than at the peak in 2007.
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