lh x cw market report A4_23.03.02 v34 interactive72

NEW SUPPLY WILL DECREASE STEADILY FROM 2023 ONWARDS, WITH FEW ANNOUNCEMENTS OF PROJECTS PLANNED FOR 2025

The volume of new supply delivered to the market in 2022 has increased significantly compared to previous years, driven by the significant volume of projects deferred from 2021. In total, 267 000 m2 of new supply was brought to the market, one of the highest levels ever.

Nevertheless, the new stock has been brought to market with a high occupancy rate of almost 80%, or 67% on average if owner-occupied buildings are excluded. This is particularly high in the current economic headwinds, reflecting the demand for new, modern buildings. The largest projects were: