European office rents were up by at least 0.5 percent throughout 2018, with prices growing by 0.7 percent on average in the fourth quarter, according to C&W. The highest annual growth was recorded in Barcelona driven by a shortage of high-quality office supply, followed by Berlin, where the economy was robust, demand was strong and supply was low. Elsewhere, strong leasing activity coupled with falling vacancy rates for quality new space caused prime rents in five UK regional office markets to increase in 2018. In Italy, a record level of office take-up drove rents up 7.4 percent in Milan and by 5 percent in Rome during the past 12 months, according to C&W.
