Reducing the number of leased office space in relation to the previous quarter reflects the instability of European economies. At the same time, the volume of rentals has increased significantly in relation to the I quarter of last year, according to a report, CB Richard Ellis. Currently, the market is dominated by rental deals of small and medium-sized objects.

Rental rates for major office market in EMEA has stabilized or continued to decline at a moderate pace. The average regional rent has risen for the I quarter of 1%, but this was due to certain "points of growth" - such as London or Paris.

Vacancy rate of offices in EMEA continued to grow due to a surplus of supply, although the pace of this growth is not as large as during the crisis. The figure began to decline in the most stable markets (London, Paris) or in the markets, which "collapsed" significant other (Dublin).

Construction output fell sharply to date, and their recovery analysts expect no earlier than 2012.