lh x cw market report A4_23.03.02 v34 interactive72

less than 15 years old less than 5 years old 50% 30% 21% OF THE EXISTING STOCK IS OF THE EXISTING STOCK IS OF THE EXISTING STOCK IS less than 10 years old

350 000

NEW SUPPLY (SQ M) AND NET ABSORPTION (SQ M) Source: BRF, Cushman & Wakefield Research

Net absorption

New supply

300 000

250 000

200 000

150 000

100 000

50 000

0

2011

2017

2013

2021

2012

2015

2018

2019

2016

2014

2010

2022

2020

2009

-50 000

Office

14