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Berlin Office : Excellent first half - Q2 2014

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Berlin Office : Excellent first half - Q2 2014

The Berlin office market reaffirmed its good shape in the second quarter of 2014. Even though, unlike the first quarter, there were no major transactions of at least 10,000 sq m, nearly 152,000 sq m of office space was newly rented or taken off the market by owner-occupiers. The half-yearly result of 315,600 sq m is the highest for the past ten years.

The achievable prime rent remained unchanged at €22.25 per sq m per month. At €12.30 the weighted average rent for the first half is around €0.80 above the level for the first six months of the preceding year.

Source : DTZ (Groupe UGL)

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