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During the same period, new supply amounted to only 22,000 sqm. The combined effect of low completions and high take up, however, was not enough to prevent a slight rise in the vacancy rate, up to 14.3%.
Vacancy remains highest in the Central Business District (CBD) of the capital at 24.9% and lowest in peripheral areas, at 8.8%. New supply in Q2 was concentrated in the Non-Central area. Prime rents have reached EUR 22 per square meter in the CBD, but in practice these rates are only achievable in two buildings. Rents for class A office space can fall as low as EUR 16.5.
