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Germany Office Market Property Report 2016

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Germany Office Market Property Report 2016

Take-up of office premises in 2015 in the eight main German office locations – Berlin, Cologne, Düsseldorf, Essen, Frankfurt, Hamburg, Leipzig and Munich – totalled around 3.49 million m². That was more than 20 % above the prior-year level.

All the major office markets better their prior-year results :

Berlin lifted its take-up by a handsome 34 % to 814,000 m². This gave the capital first place in the inter-city ranking.

The biggest increase in take-up was posted by Düsseldorf: a year-on-year rise of 39 % to 453,000 m².

Similarly positive developments were observed in Essen with 130,000 m² (+29 %), Munich with 741,000 m² (+24 %) and Cologne with 281,000 m² (+17 %). ▸ Single-digit rises were registered by Frankfurt with 438,000 m² (+7 %), Hamburg with 529,000 m² (+3 %) and Leipzig with 103,000 m² (+1 %).

Source : BNP Paribas Real Estate

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