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Germany Office market outlook - Q1 2016

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Total annual office take-up in the big five German cities was just under 3 million sq m for 2015 – up 20% on the previous year. Munich, which has historically led take-up activity, came second with a total volume of 750,000 sq m, behind Berlin, where a record 820,000 sq m was leased owing to an excellent final quarter. Hamburg followed, with take-up totalling 520,000 sq m, matching levels achieved in 2014, while Düsseldorf ended the year with take-up levels of approximately 470,000 sq m, up 46% annually. As well as having the lowest figure of 391,000 sq m, Frankfurt also experienced slow year-on-year growth of just 3.4%, compared with 34% in Berlin and 17% in Munich.

Source : Knight Frank

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Keywords : Knight Frank