<p>伦敦 --（商业资讯）-- 根据全球领先的在线房地产市场、信息和分析提供商 CoStar 的数据，投资者需求的上升使伦敦办公楼收益率降至 2023 年以来的最低水平。</p>
<p><img src="https://imageproxy.pbkrs.com/https://mms.businesswire.com/media/20260226000995/en/2730703/4/London-Office-Yield-Compression.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://mms.businesswire.com/media/20260226000995/en/2730703/4/London-Office-Yield-Compression.jpg"/></p>
<p>伦敦办公楼在 2025 年经历了最大的收益率压缩。</p>
<p>根据三期移动平均，伦敦的交易型办公楼收益率在去年下降了 130 个基点，至 2025 年第四季度末定格在 5.9%。</p>
<p>区域平均收益率上升了 70 个基点，达到 10.5%，创下自 2013 年以来的最高水平。这使得伦敦与地区之间的收益率差距扩大至 460 个基点，为 12 年来的最高水平。</p>
<p>工业收益率上升至 8 年来的最高点 7.1%，自 2024 年底以来上升了 60 个基点，超过伦敦办公楼收益率 100 个基点以上。受在线购物趋势的推动，平均零售和工业收益率自 2018 年以来首次达到平价。</p>
<p>“伦敦在投资者中的日益受欢迎与其租户市场强劲反弹的数据相吻合，” CoStar 欧洲市场分析高级总监 Mark Stansfield 表示。“首都成为 2025 年下半年全国办公楼净吸纳量反弹的主要驱动力，并在全年中引领潮流。”</p>
<p>“伦敦市中心的办公收益率与 ‘六大’ 区域城市的中央商务区之间也出现了差距：伯明翰、布里斯托、爱丁堡、格拉斯哥、利兹和曼彻斯特，” Stansfield 表示。“这两个细分市场的平均收益率分别为 5.4% 和 9%，360 个基点的差距是有记录以来最宽的之一。”</p>
<p>完整分析可在此处找到。</p>
<p>有关公司及其产品和服务的更多信息，请访问 www.costargroup.com。</p>
<p><strong>关于 CoStar 集团</strong></p>
<p>CoStar 集团（NASDAQ：CSGP）是商业房地产信息、分析、在线市场和 3D 数字双胞胎技术的全球领导者。成立于 1986 年，CoStar 集团致力于数字化全球房地产，帮助所有人发现改善其业务和生活的物业、见解和联系。</p>
<p>CoStar 集团的主要品牌包括 CoStar，全球领先的商业房地产数据、分析和新闻提供商；LoopNet，访问量最大的商业房地产市场；Apartments.com，领先的公寓租赁平台；Homes.com，增长最快的住宅房地产市场；以及 Domain，澳大利亚领先的房地产市场之一。CoStar 集团的行业领先品牌还包括 Matterport，一家领先的空间数据公司，其平台将建筑物转化为数据，使每个空间更具价值和可访问性；STR，全球领先的酒店数据和基准公司；Ten-X，一个用于商业房地产拍卖和谈判出价的在线平台；以及 OnTheMarket，英国领先的住宅物业门户网站。</p>
<p>CoStar 集团的网站在 2025 年第四季度吸引了超过 1.39 亿的平均月独立访客，为全球客户提供服务。CoStar 集团总部位于弗吉尼亚州阿灵顿，致力于通过创新技术和全面的市场情报转变房地产行业。我们计划不时利用我们的公司网站作为发布重要公司信息的渠道。有关更多信息，请访问 CoStarGroup.com。</p>
<p><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjAyMjYwMDA5OTVyMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjAyMjYwMDA5OTVyMQ"/></p>
<p>在 businesswire.com 查看源版本：https://www.businesswire.com/news/home/20260226000995/en/</p>
<p><strong>媒体联系</strong></p>
<p>Karolina Capova</p>
<p>高级媒体关系专员</p>
<p>kcapova@costar.com</p>
<p>来源：CoStar 集团</p>

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<p>投资者需求的上升导致伦敦办公楼收益率显著下降，2025 年降至 5.9%，为 2023 年以来的最低水平。这比前一年下降了 130 个基点。相比之下，地区办公楼收益率上升至 10.5%，伦敦与地区办公楼之间的收益率差距扩大至 460 个基点，为 12 年来的最高水平。工业收益率也上升至 7.1%，超过了伦敦办公楼的收益率。数据显示，伦敦的租户市场强劲反弹，推动了 2025 年下半年全国办公楼的净吸纳量</p>

<p>LONDON--(BUSINESS WIRE)--Rising investor demand drove London office yields to their lowest level since 2023, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.</p>
<div class="lb-trans"><p>伦敦 --（商业资讯）-- 根据全球领先的在线房地产市场、信息和分析提供商 CoStar 的数据，投资者需求的上升使伦敦办公楼收益率降至 2023 年以来的最低水平。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://mms.businesswire.com/media/20260226000995/en/2730703/4/London-Office-Yield-Compression.jpg" alt="" original-src="https://mms.businesswire.com/media/20260226000995/en/2730703/4/London-Office-Yield-Compression.jpg"/></p>
<p>London offices saw the greatest yield compression in 2025</p>
<div class="lb-trans"><p>伦敦办公楼在 2025 年经历了最大的收益率压缩。</p>
</div><p>Based on a three-period trailing average, the transaction-based office yield in London decreased by 130 basis points last year, settling at 5.9% at the end of the fourth quarter of 2025.</p>
<div class="lb-trans"><p>根据三期移动平均，伦敦的交易型办公楼收益率在去年下降了 130 个基点，至 2025 年第四季度末定格在 5.9%。</p>
</div><p>The average regional yield increased by 70 basis points to 10.5%, marking its highest level since 2013. This widened the yield spread between London and the regions to 460 basis points, the widest in 12 years.</p>
<div class="lb-trans"><p>区域平均收益率上升了 70 个基点，达到 10.5%，创下自 2013 年以来的最高水平。这使得伦敦与地区之间的收益率差距扩大至 460 个基点，为 12 年来的最高水平。</p>
</div><p>Industrial yields rose to an eight-year high of 7.1%, up 60 basis points since the end of 2024, pushing them to more than 100 basis points above London office yields. Boosted by the online shopping trend, average retail and industrial yields have reached parity for the first time since 2018.</p>
<div class="lb-trans"><p>工业收益率上升至 8 年来的最高点 7.1%，自 2024 年底以来上升了 60 个基点，超过伦敦办公楼收益率 100 个基点以上。受在线购物趋势的推动，平均零售和工业收益率自 2018 年以来首次达到平价。</p>
</div><p>“London’s increasing popularity with investors chimes with data showing a strong rebound in its occupier market,” said Mark Stansfield, senior director of market analytics at CoStar Europe. “The capital was the primary driver of the rebound in national office net absorption in the second half of 2025 and led the way throughout the year.”</p>
<div class="lb-trans"><p>“伦敦在投资者中的日益受欢迎与其租户市场强劲反弹的数据相吻合，” CoStar 欧洲市场分析高级总监 Mark Stansfield 表示。“首都成为 2025 年下半年全国办公楼净吸纳量反弹的主要驱动力，并在全年中引领潮流。”</p>
</div><p>“A gap has also opened up between office yields in central London and the central business districts of the ‘Big Six’ regional cities: Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester,” said Stansfield. “Average yields across the two segments stand at 5.4% and 9%, respectively, with the 360-basis-point spread one of the widest on record.”</p>
<div class="lb-trans"><p>“伦敦市中心的办公收益率与 ‘六大’ 区域城市的中央商务区之间也出现了差距：伯明翰、布里斯托、爱丁堡、格拉斯哥、利兹和曼彻斯特，” Stansfield 表示。“这两个细分市场的平均收益率分别为 5.4% 和 9%，360 个基点的差距是有记录以来最宽的之一。”</p>
</div><p>The full analysis can be found here.</p>
<div class="lb-trans"><p>完整分析可在此处找到。</p>
</div><p>For more information about the company and its products and services, please visit www.costargroup.com.</p>
<div class="lb-trans"><p>有关公司及其产品和服务的更多信息，请访问 www.costargroup.com。</p>
</div><p><strong>About CoStar Group</strong></p>
<div class="lb-trans"><p><strong>关于 CoStar 集团</strong></p>
</div><p>CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.</p>
<div class="lb-trans"><p>CoStar 集团（NASDAQ：CSGP）是商业房地产信息、分析、在线市场和 3D 数字双胞胎技术的全球领导者。成立于 1986 年，CoStar 集团致力于数字化全球房地产，帮助所有人发现改善其业务和生活的物业、见解和联系。</p>
</div><p>CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.</p>
<div class="lb-trans"><p>CoStar 集团的主要品牌包括 CoStar，全球领先的商业房地产数据、分析和新闻提供商；LoopNet，访问量最大的商业房地产市场；Apartments.com，领先的公寓租赁平台；Homes.com，增长最快的住宅房地产市场；以及 Domain，澳大利亚领先的房地产市场之一。CoStar 集团的行业领先品牌还包括 Matterport，一家领先的空间数据公司，其平台将建筑物转化为数据，使每个空间更具价值和可访问性；STR，全球领先的酒店数据和基准公司；Ten-X，一个用于商业房地产拍卖和谈判出价的在线平台；以及 OnTheMarket，英国领先的住宅物业门户网站。</p>
</div><p>CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.</p>
<div class="lb-trans"><p>CoStar 集团的网站在 2025 年第四季度吸引了超过 1.39 亿的平均月独立访客，为全球客户提供服务。CoStar 集团总部位于弗吉尼亚州阿灵顿，致力于通过创新技术和全面的市场情报转变房地产行业。我们计划不时利用我们的公司网站作为发布重要公司信息的渠道。有关更多信息，请访问 CoStarGroup.com。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjAyMjYwMDA5OTVyMQ" alt="" original-src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260226000995r1&amp;sid=acqr8&amp;distro=nx&amp;lang=en"/></p>
<p>View source version on businesswire.com: https://www.businesswire.com/news/home/20260226000995/en/</p>
<div class="lb-trans"><p>在 businesswire.com 查看源版本：https://www.businesswire.com/news/home/20260226000995/en/</p>
</div><p><strong>Media Contact</strong></p>
<div class="lb-trans"><p><strong>媒体联系</strong></p>
</div><p>Karolina Capova</p>
<div class="lb-trans"><p>Karolina Capova</p>
</div><p>Senior Media Relations Specialist</p>
<div class="lb-trans"><p>高级媒体关系专员</p>
</div><p>kcapova@costar.com</p>
<div class="lb-trans"><p>kcapova@costar.com</p>
</div><p>Source: CoStar Group</p>
<div class="lb-trans"><p>来源：CoStar 集团</p>
</div>

CoStar 数据显示 2025 年伦敦办公楼收益率大幅压缩 | CSGP 股票新闻