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Berlin Market Office - Q1 2016

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Berlin Market Office - Q1 2016

In the first three months of 2016, the Berlin office market moved on seamlessly from the extremely dynamic 2015. At 217,000 m², take-up was more than two-thirds above the prior-year figure and represented the best first quarter ever. It exceeded the tenyear average by more than 87 %. So just as in 2015, the German capital was unchallenged in the top spot of the nationwide intercity ranking, finishing well ahead of the Bavarian capital Munich (181,000 m²). One particularly pleasing fact was that the very buoyant demand extended across all the size categories. Although the result was once again fuelled by an exceptionally large deal, that for premises of just over 27,000 m² concluded by the Federal Health Ministry, every single one of the size classes posted higher year-on-year take-up figures. So the extraordinary performance was not due to just a few major new leases but to vigorous demand on a broad front.

Source : BNP Paribas Real Estate 

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