Duncan Owen, Head of Schroder Real Estate Investment Management Limited, Fund Manager of Schroder Real Estate Investment Trust and Schroder European Real Estate Investment Trust sees demand for European commercial real estate underpinned by an increase in technology and professional service jobs. European commercial real estate markets have performed strongly. Prices in Europe’s major cities have risen on average by 40-50% since 2013 (source RCA) and except in southern Europe, they are now 10-20% above their previous peak before the global financial crisis (GFC).