Flexible Office for the Evolving Workforce

Inventory Growth in Major European Markets Annual inventory growth from Q2 2020 to Q2 2022

Flexible Office is Key to Occupier Plans in Europe

Major European Markets

Other European Markets

• The five major European markets saw total inventory grow 18% from Q2 2020 to Q2 2022. • On an annual basis, growth slowed in Berlin and London but was still positive in both. However, as a percent of total office, flexible office makes up a larger percent in London, 6%. • Inventory grew 7% in other European markets from Q1 2021 to Q1 2022. However, these markets are smaller and on average comprise less than 2% of total office inventory.

2020 Q2 - 2021 Q2 Change (%) 2021 Q2 - 2022 Q2 Change (%)

2021 Q2 - 2022 Q2 Change (%)

44%

25%

21%

14% 13%

12%

11%

9% 8%

6%

6%

6% 5%

2%

1% -1% -5% -18%

0%

Market

Stockholm Paris

London

Amsterdam Berlin

2021 Q2 – 2022 Q2 Change

43,729

76,685

80,976

18,960

7,600

2020 Q2 – 2021 Q2 Change

30,794

35,654

154,553

0

61,900

Source: Cushman & Wakefield Research