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Market Report

Germany offices

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Germany offices

The top six German office markets saw a comparatively weak start into 2013. However, we expect them to reduce the almost 20% p.a. decrease in take-up recorded in Q1 13 during the remainder of the year. We predict that total take-up will amount to approx. 2.88m sq m in 2013, meaning a 5% decrease y-o-y.

Despite the decrease in take-up vacancy levels continued to reduce. Since mainly high-quality CBD offices are in demand and most of the vacant space is of secondary quality, one can observe a shortage in supply in many markets already.

Source : Savills

 

 

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