Luxembourg Office Market Dynamics, Q3 2026

Leasing activity in Luxembourg was shaped by two significant transactions this quarter, though broader occupier demand remains subdued amid economic uncertainty and rising financing costs.

Vacancy edged marginally higher as some secondary stock became available, with Grade A space concentrated in select submarkets while core locations continue to face limited supply.

Investment volumes held relatively steady year-on-year, with rental values stable at the city level, though yield movement and submarket rental growth are anticipated in the near term.

For additional context on findings in the latest report, download the prior Q2 2026 Luxembourg retail market dynamics report.