GDP rose by a marginal 0.1% in Q1 2013.
At a country level office vacancy rates declined in Germany on average despite weakening demand.
Frankfurt experienced, in the first quarter, the lowest level of take-up in 12 quarters, but office prime rents rose by 7%.
International retailers are increasingly expanding into off-prime locations.
While total investment activity declined by 40% in Q1 2013, investors showed strong interest in the logistics sector, leading to a surge in transaction volumes by 75% quarter by quarter.
Source : AXA Real Estate