LONDON-Signs of a turning point in Europe’s office sector were evident in first quarter, says realtor CB Richard Ellis. Its EU-27 office rent index registered a 1% rise after 18 months of decline, largely the result of the first genuine expansion signs in London and Paris. But rental growth is likely to become more widespread as other markets strengthen across Europe.

“The severe slowdown in office leasing activity which characterised 2009 appears to be easing across Europe. However most markets continue to be driven by a large number of small and medium-sized deals,” said Richard Holberton, CBRE Director of EMEA Research.      

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