Savills

Company posts

Europe’s retail park market: tenant demand outstrips supply

A new Savills analysis shows that, whilst the supply of retail parks is growing strongly in Central and Eastern Europe, mature Western European markets are suffering from a shortage. Vacancy rates are in some cases below 3–4 per cent. Density has risen since 2020 to 109 m² per 1,000 inhabitants.

International investors are stepping up their investment in European retail parks

Foreign investors are driving the market for European retail parks in 2026: in the first nine months, 52 per cent of the volume came from abroad (5-year average: ~41 per cent). North America is the largest source; MENA and Israel are gaining ground. Q3 2026: >€2 billion, +91 per cent year-on-year.

Markets Real Estate

Maik Stützer joins Savills as Director of Business Development, Facility Management

The property consultancy Savills is expanding its activities in the areas of facility management and building & project consultancy: with effect from 1 November, Maik Stützer will take up the position of Director of Business Development, Facility Management, at Savills in Germany.

Dynamics

Savills: A lot of activity in the European office property market

According to Savills, the proportion of cross-border investment in European office property rose to 39 per cent in 2026 (2025: 36 per cent), driven in part by French SCPIs. Prime yields rose by an average of 13 basis points to 5.1 per cent in Q3; Stockholm saw a fall of 15 basis points.

Markets Real Estate

Logistics property: Tenants are paying more attention to quality and performance

Europe’s logistics tenants are increasingly demanding high-quality, high-performance space. According to the European Logistics Survey 2026, demand remains stable, decision-making processes are taking longer and many are optimising their portfolios rather than expanding. Electricity supply is becoming a key selection criterion.

Markets Real Estate

Healthcare and social care property: Consolidation amongst care home operators as an investment opportunity

The German healthcare and social care property market recorded a volume of almost €1.8 billion in Q1–Q3 2026 – the highest volume since 2022. Key drivers included Aedifica’s majority stake in Cofinimmo and TPG’s medical centre deal. Prime yields rose to 5.4 per cent, 4.8 per cent and 4.7 per cent.

Markets Real Estate

German investment market for hotel and accommodation properties: Increased supply and stable demand point to greater momentum

Savills reports a transaction volume of around €971 million in the German hotel and accommodation market up to September, 44 per cent lower than in the previous year. Traditional hotels dominated the market with €819 million (84 per cent). Increased supply is expected in the coming quarters, whilst demand is expected to remain stable.

Markets Real Estate

Top 6 office markets: quality over quantity

The top 6 office markets recorded around 1.9 million m² of take-up in Q1–Q3 2026 – roughly on a par with the previous year. Prime rents remained high, whilst the vacancy rate rose to 9.1 per cent, reaching an all-time high since reunification. Prime rents and vacancy rates are expected to rise further in 2026.

Markets Real Estate

Investment market for industrial and logistics property: Growing buyer interest – particularly from US investors

The investment market for industrial and logistics property recorded a turnover of €3.8 billion in 2026 up to Q3 (+13 per cent year-on-year). There were 177 transactions (+27 per cent) and a prime yield of 4.6 per cent for logistics. US investors accounted for 22 per cent; the planned Prologis/Segro takeover is likely to increase this share further.

Markets Real Estate

German office investment market: Office sales still not a sure-fire success despite greater price transparency

By the end of Q3 2026, turnover on the German office investment market stood at around €3.2 billion – 13 per cent less than in the previous year; 104 deals represent a fall of 9 per cent. Prime yields in the top six cities rose to an average of 4.53 per cent (+16 basis points). Savills notes greater price transparency, yet sales remain challenging.

Markets Real Estate

The German property investment market: Increased supply meets new price realities

Up to Q3 2026, the transaction volume in the German commercial and residential property market stood at around €21.4 billion (previous year: approx. €22.3 billion), with over 830 transactions (+4%). Rising interest rates are pushing up initial yields; increased supply is meeting buyer interest at adjusted prices.

Markets Real Estate

German residential property investment market: Growing willingness to sell as part of portfolio restructuring

According to Savills, around €5.8 billion was invested in residential property between January and September 2026 (–5 per cent) across approximately 170 transactions (+20 per cent). The prime yield rose to 3.7 per cent (+10 basis points). Increasing portfolio restructuring and price concessions could boost market activity.

Markets Real Estate