With take-up of 123,000 m², the Frankfurt office market not only improved on its prior-year performance by 32 % but also registered its best opening quarter since 2012. The result was nearly 24 % above the ten-year average. In the narrower gif-defined area, registered take-up came to 113,000 m², corresponding to an even greater increase, of 41 %. So the upward trend that was already becoming apparent towards the end of last year has certainly been confirmed. The very fine result was fuelled for instance by an ECB lease for 17,800 m² in the Bankenviertel (Banking District) and one concluded by SAP for 10,000 m² in Eschborn. Sizeable contracts of over 5,000 m² account for around one-third of take-up. That is more than in either of the past two years but still merely modest by long-term Frankfurt standards.
Source : BNP Paribas Real Estate