• Take-up below year-earlier level due to supply shortage
  • Excess demand still running high
  • More than one third of take-up transacted via pre-letting in developments
  • Price increases in both prime and average rent
  • Vacancy only one third as high compared with 10 years ago
  • Virtually no easing of supply shortage through speculative developments in the period up to 2021
  • Absolute record year on the investment market
  • Core deals push office prime yield down to 2.60%