Demand for lower rents and the fact that many tenants are also renegotiating the terms of their leases caused prime office rents to fall across the European office market in the second quarter, according to a new report from Savills. However, prime CBD rents in Q2 only dropped by -4% compared to -6% in Q1 on a quarterly basis.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
