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Frankfurt Office - Annual 2015

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Frankfurt Office - Annual 2015

In 2015, the Frankfurt office market registered a take-up volume of approx. 390,500 sq m, an increase of 6 % year-on-year. At around 211,900 sq m, take-up in the second half of the year was clearly higher than in the first; however, despite increasing year-on-year, space take-up was lower than expected. The owner-occupier deal by Deutsche Vermögensberatungs AG for 32,000 sq m in the Main Station Area in the first quarter was the only contract concluded for premises greater than 10,000 sq m. By contrast, there were eight lease contracts signed for premises greater than 5,000 sq m; this size category claimed only one lease contract in 2014. There was also a rise in the number of contracts concluded for premises with less than 1,000 sq m; on the other hand, there was very little change in take-up in the > 1,000 sq m size category. In an analysis of office space take-up by submarket, most activity was observed in the Westend, City Centre and Main Station Area submarkets. Despite the rise over the course of the year, the office space take-up could not match the long-term average; nevertheless, Knight Frank expects the 400,000 sq m mark to be exceeded in 2016, principally as a result of current enquiries in the larger size categories.

Source : Knight Frank

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