Cushman & Wakefield: European Prime Office Rents Rise 4.5% as Yields Edge Up to 5.39%
CWK•European prime office rents rise while yields edge higher
- Cushman & Wakefield’s mid-2026 “DNA of Real Estate” update showed European prime rents rising across offices, logistics, and retail.
- Top CBD office rents rose 1.2% quarter over quarter and 4.5% year over year, led by Benelux, Germany, and the UK & Ireland.
- Prime office yields rose 3 basis points to 5.39%, with seven markets posting yield expansion, the most in two years.
- Higher bond yields and an ECB rate hike in June weakened expectations for renewed yield compression, pressuring capital values.
- Southern Europe and Central and Eastern Europe combined stronger rent growth with mostly stable or slightly lower yields, supporting investor appeal.
