OfficeRents mapEUROPE, MIDDLE EAST AND AFRICA

Accelerating success.

IRELAND

UNITED KINGDOM

FRANCE

SPAIN

PORTUGAL

BELGIUM

NETHERLANDSGERMANY

DENMARK

SWEDEN

NORWAY

FINLAND

RUSSIA

ESTONIA

LATVIA

LITHUANIA

BELARUS

POLAND

UKRAINE

SWITZERLAND AUSTRIA

CZECH REPUBLIC

SLOVAKIA

HUNGARY

CROATIA

SERBIA

ALBANIA

ROMANIA

BULGARIA

TURKEY

GREECE

ITALY

Edinburgh

Birmingham

Abu DhabiDubaiRiyadh

Jeddah

Cairo

ManchesterDublin

London - City

London - West End

Paris

Brussels

Lyon

Marseille

Bordeaux

Belfast

Geneva

Madrid

Rome

Milan

Lisbon

Zurich

Stuttgart

Munich

Frankfurt

Düsseldorf

Hamburg

Amsterdam

Copenhagen

Stockholm

Oslo Saint Petersburg

Tallinn

Riga

Minsk

Vilnius

Moscow

Warsaw*

Kyiv*

Bratislava*

Budapest*

Zagreb*

Belgrade*Bucharest*

So�a*

Tirana

Athens*

Istanbul

Prague*

Glasgow

Vienna

Bristol

Berlin

Antwerp

UNITED ARAB

EMIRATES

SAUDIARABIAEGYPT

€62.0 ��4.50% ��7.0% �1,300,000

€45.1 �4.25% ��2.8% �25,000€18.8 ��

6.00% ��6.8% ��N/A

€15.9 ��6.15% ��6.5% ��50,000

€13.5 ��6.50% ��6.5% ��N/A

€14.0 ��6.25% ��26.3% ��N/A

€33.3 �4.00% ��5.4% �300,000

€19.0 ��5.40% ��5.3% �125,700

€17.8 ��6.65% ��N/A ��121,000

€19.0 ��5.00% ��7.5% �100,000

€13.4 ��7.50% ��7.4% �65,000

€26.1 ��10.00% ��11.4% �400,000

€59.2 ��9.50% ��8.4% �3,176,150

€12.0 �8.00% ��11.4% �6,790

€33.0 ��14.50% ��14.0% ��254,000

€13.5 ��8.50% ��12.7% �19,400

€15.5 �6.50% ��11.5% �145,500

€11.0 ��7.50% ��10.7% �109,340

€18.5 �3.50% ��5.5% ��80,000

€12.5 ��7.75% ��21.3% ��33,000

€22.2 ��6.50% ��7.4% �565,630

€18.2 N/A12.00% N/A16.0% N/A112,000

€27.5 �4.50% ��6.4% �269,810

€10.4 ��7.00% ��7.8% ��12,000

€22.0 ��4.70% ��7.4% �215,000

€30.0 ��5.20% ��14.7% �341,100

€23.0 ��5.20% ��11.3% �212,000

€14.6 ��5.00% ��9.0% ��N/A

€43.7 �4.75% ��4.0% ��80,000

€35.9 ��5.50% ��7.6% �311,000

€9.0 ��9.00% ��23.0% �361,100

€15.5 ��14.00% ��11.1% �N/A

€15.0 ��8.00% ��17.6% �131,400

€15.5 N/A9.00% N/A16.0% N/A60,500

€12.5 ��9.00% ��13.0% �102,240

€13.0 ��7.75% ��16.0% ��8,000

€40.0 ��5.50% ��11.0% �210,000

€15.2 �8.00% �12.2% �84,210

€29.0 ��5.85% �6.4% ��10,000

€23.5 �5.90% �11.5% �275,000

€20.0 ��7.50% ��18.0% ��0

€24.6 ��6.00% ��16.8% �30,190

€23.5 ��6.00% ��17.4% �27,870

€54.2 �5.25% ��8.7% �223,390

€89.4 �4.00% ��5.0% �288,520

€26.8 ��6.25% ��19.8% �0

€23.5 ��6.00% ��10.4% �17,650

€25.7 ��6.00% ��14.0% �15,610

€26.0 �10.00% �50.0% �843,160

€24.0 �N/A �14.0% N/A849,000

€19.8 �10.00% �42.0% �2,227,970

€16.4 ��N/A N/AN/A ��437,040

€17.2 �9.00% �N/A �1,412,130

€22.6 ��7.00% ��12.8% �400,000

€15.0 ��6.00% �10.6% ��223,000

EMEA Office Rents H1 2012

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2012. All rights reserved.

Key

Average class A net rent (EUR/sqm/month)

Prime yield (%)

Vacancy rate (%)

Under construction (sqm)

Definitions• AverageClassAnetrent:The average open-market tier of

rent that could be expected for a Class A unit of standard size, commensurate with demand (typically 500-1,000 sq m for offices), at the survey date. The figure excludes service charges and taxes, and does not reflect tenant incentives.

• Primeyield:The yield an investor is prepared to pay to buy a Grade A building, fully-let to high quality tenants at an open market rental value in a prime location. Lease terms should be commensurate with the market e.g. typically 5yrs +. Net initial yield = First years’ net income/purchase price (prior to deducting fees and taxes).

• Vacancyrate:Percentage of stock (total completed office floor space) within the specified area that is unoccupied. For Central & Eastern Europe (excluding Turkey) the figure is relevant to A&B class space only.

• Underconstruction:Figure represents the amount of new floor space being actively developed at the stated point in time.

Data as at 30th June 2012

Arrows indicate expected movement over the next 12 months.

*Rental figure represents an average of A&B class space in this market.

Colliers International

Colliers International is the leader in global real estate services defined by our spirit of enterprise. Through a culture of service excellence, and a shared sense of initiative, we have integrated the resources of real estate specialists worldwide to accelerate the success of our clients.

When you choose to work with Colliers, you choose to work with the best. In addition to being highly skilled experts in their field, our people are passionate about what they do. And they know we are invested in their success just as much as we are in our clients’ success.

The foundation of our service is the strength and depth of our specialists. Our clients can depend on our ability to draw on years of direct experience in the local market. Our professionals know their communities and the industry inside and out. Whether you are a local firm or a global organisation, we provide creative solutions for all your real estate needs.

Our services include:

Brokerage Sales and Leasing • Landlord Representation • Tenant Representation Corporate Solutions Development Solutions Investment Services Project Management Real Estate Management Services Valuation and Advisory Services

We cover the following core sectors as well as many specialised sectors:

Office Industrial and Logistics Retail Hotel Residential Mixed use

The key to achieving a successful outcome for our clients is to provide a tailor-made solution that meets their needs, whether they are a major corporation or a private business, a start-up operation - in whichever sector - or a long established national, regional or local authority.

That tailor-made solution may entail securing new offices, disposing of space that is no longer required, renegotiating lease terms, merging existing operations, sub-letting surplus space in the short-term, providing valuations or strategic advice.

As office and business park specialists, we provide our clients with a detailed knowledge of local and regional markets throughout the EMEA region, each with their different traditions, laws, regulations, tax regimes and recognised procedures.

Whether in central business districts, suburban locations or business parks, our professionals provide expertise at many levels, ranging from the acquisition or disposal of sites to the many aspects of professional real estate consultancy, from concept and design to fit out and completion, advising on planning issues, the most efficient use of space, and a whole range of related financial and strategic matters.

Office Services

www.colliers.com

Colliers International provides a full range of commercial real estate services throughout Europe, Middle East and Africa.

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