The take up recorded in Q1 2020 was 99,324 Sq m, down 19% on the previous quarter and 18% on Q1 2019.
Overall encouraging results supported by substantial pre let operations, which represent 42 of the quarterly absorption, the majority of which was carried out in the Periphery.
The vacancy rate dropped below 10 while Prime Rent and Prime Yield remained stable at 600 Euros/Sq m/year and 3.3% respectively, as well as the rents and yields in all the submarkets,
reflecting the “wait and see” attitude of many tenants and investors
The approximately 343 Million Euros invested during the quarter show a marked decrease compared to Q1 and Q4 in 2019 to be considered a record year.