What's a typical lease term in Luxembourg?

9 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

How is rent quoted in Luxembourg?

In EUR/sqft/year. We also publish a USD-normalised view ($54/sqft/yr) for cross-market comparison.

Net leases.

Typical lease length: 9 years.
Typical rent-free: 6 months.
Vacancy: 4.8%; trend flat.
Net leases.

Luxembourg office lease norms

Net leases.

TL;DR

Typical lease length: 9 years.
Typical rent-free: 6 months.
Vacancy: 4.8%; trend flat.
Net leases.

Structure

Net leases. 9-year terms with break options at years 3 and 6 standard. Free rent of 6-9 months and TI of €60-€100/sqm typical.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

city	Luxembourg
country	Luxembourg
region	EMEA
classARentLocal	50 EUR/sqft/yr
classARentUsd	$54/sqft/yr
vacancy	4.8%
typicalLeaseYears	9
typicalRentFreeMonths	6
submarkets	5
primeYieldPct	4.8%

Frequently asked questions

What's a typical lease term in Luxembourg?: 9 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Luxembourg?: In EUR/sqft/year. We also publish a USD-normalised view ($54/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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