Savills: Tech sector lifts share of European office leasing activity to 22% in H1 2026 - XLRE News | RalliesSavills: Tech sector lifts share of European office leasing activity to 22% in H1 2026
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XLRE• European office leasing shifts toward tech and prime space
- Savills flagged rising European office demand from tech, with activity share up to 22% from 14%.
- Banking, insurance and finance share fell to 16% from 21%; flex offices held at 3% as firms seek interim space.
- Average European office vacancy stayed at 9.4% in Q2 2026; CBD vacancy averaged 4.9%, and prime CBD was near 2%.
- Prime rents rose 3.7% in the 12 months to end-Q2 2026, led by Munich at 11%, Frankfurt at 10% and Warsaw at 10%.
- Prime rents have climbed 27% since end-2019, versus 9% for secondary CBD space, as occupiers prioritize quality central offices.
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