Colliers: New demand for modern office spaces fell 39 percent in the third quarter of 2022 compared to the same period last year

Activity in the office market recorded its first slowdown in the third quarter of this year after four strong quarters. Overall, total demand of 68,800 square meters was stable compared to last year and to the average of the last four quarters, but new demand was at only 22,200 square meters, which is a decrease of 39 percent from last year, according to data from Colliers.