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Hamburg : A further increase in take-up - Q3 2014

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Take-up on the Hamburg office market improved by 14,700 sq m (+11%) to 145,000 sq m compared with the previous quarter. As in the first half, the office market also benefited from large transactions involving more than 5,000 sq m in the third quarter. In total, 12 deals in this size category comprising a volume of 153,800 sq m have already been registered so far.

The largest deal in the third quarter is also the second largest deal of the current year to date and involves VBG Verwaltungs-Berufsgenossenschaft, which will move into a new building of 22,000 sq m, in Hamburg North, in 2016.

Source : DTZ

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Keywords : DTZ