European Net Effective Office Rents Decrease by an Average of 2%

European office net effective rents decreased by an average of 2% over the last six months, falling most significantly across Paris CBD (-12%), Dublin (-11%) and Amsterdam (-5%), according to research by Savills. By contrast, low vacancy rates across Munich at 2.9% and Berlin at 2% have continued to apply upward pressure on headline rents, despite additional landlord incentives.