Berlin Office Space Market Makes Record Result

BERLIN OFFICE SPACE MARKET MAKES RECORD RESULT
9 Jan, 2013, Frankfurt

• Vacancy rate falls further
• Prime rent on upward trajectory

The Berlin office space market has charted a record result for the second year in succession. Last year's very strong showing of 685,000 sqm of total rented office space was eclipsed in 2012 with a floor space turnover of 693,000 sqm. The rental volume for 2012 is therefore 47% above the average for the last ten years. In the second and third quarters in particular, Berlin companies proved very active in terms of leasing. Floor space turnover stood at an above-average 190,000 sqm over the two summer quarters. A solid result was achieved at the end of the year too, however, with a quarterly turnover of 173,000 sqm.

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c57000015p

Frankfurt office market 2012: Highest rental volumes for five years

Frankfurt office market 2012: Highest rental volumes for five years
7 Jan, 2013, Frankfurt

• Strong fourth quarter sees space turnover on the Frankfurt office market climb over 500,000 sqm once more
• Rental volumes 11% over ten-year average
• Banks and financial services strongest rental group in 2012 despite all the uncertainties on the financial markets

http://www.cushwake.com/

With solid quarterly results, the Frankfurt office space market heads toward the end of the year

With solid quarterly results, the Frankfurt office space market heads toward the end of the year
9 Oct, 2012, Frankfurt

• 342,000 sqm of office space leased by the end of September
• Top lease rates stable
• Vacancies continue light fall

http://www.cushwake.com/

Frankfurt office market with solid rental performance at the half-year point

Frankfurt office market with solid rental performance at the half-year point
5 Jul, 2012, Frankfurt

• Rental performance in the Frankfurt office space market at the long-term average in the first half of 2012
• 224,000 sq. m rented by the end of June
• High-end lease prices stable
• Vacancy rates fall

http://www.cushwake.com/

Frankfurt's office market makes a strong start to the year

Frankfurt's office market makes a strong start to the year
4 Apr, 2012, Frankfurt

• No sign of springtime sluggishness
• With a lease volume of 130,000 square metres in the first quarter, Frankfurt's office space market started the new year well
• Market players appear active

http://www.cushwake.com/

Savills: German office market hits three year take-up high (DE)

Savills: German office market hits three year take-up high (DE)
Friday 20 January 2012

The five major German office markets of Berlin, Düsseldorf, Frankfurt, Hamburg and Munich ended 2011 on a three-year high in terms of take-up according to international real estate advisor Savills.
The firm’s research shows that total take-up reached approximately 2.85 million m², close to 2008 levels (approx. 2.9 million m²). Compared to 2010 turnover increases are just below 7%.

http://www.europe-re.com/system/main.php?pageid=2616&articleid=19509

Frankfurt office market: Solid Result Despite Space Reduction

Frankfurt office market: Solid Result Despite Space Reduction
4 Jan, 2012, Frankfurt

• Letting volume of the Frankfurt office space market at 424,000 m²
• Turnover falls by 11% on 2010
• Despite instability on the financial markets, banks and financial services remained one of the strongest tenant groups in 2011

Over the past twelve months, the rental volume of Frankfurt's office space (including Eschborn and Kaiserlei) under lease stood at around 424,000 m². This means rental turnover is around 11% less than the 475,000 m² for the previous year and a good 12% below the average for the past ten years (the average being 485,000 m²). According to Cushman & Wakefield (C&W) , this amounts to an altogether solid performance for the banking capital in spite of this reduction - especially when one considers the continuing, great instability on the worldwide financial markets, and also considering the fact that in the year 2010 the construction of the new headquarters of the European Central Bank (ECB), with its 104,000 m², skewed the total annual turnover.

http://www.cushwake.com/

ZEW/gif Office Market Forecast - Rents For Offices in Prime Locations Strongly Increase

ZEW/gif Office Market Forecast - Rents For Offices in Prime Locations Strongly Increase

Prime rents at the five largest German office real estate markets Berlin, Hamburg, Frankfurt, Düsseldorf and Munich will considerably increase by the end of 2012. At the same time, the vacancy rate will hardly be reduced –with the exception of Düsseldorf and Frankfurt. These are the findings of the second survey among real estate market experts, which was conducted by the gif-Arbeitskreis Marktanalysen und Bedarfsprognosen (gif market analysis and demand forecasting working group) in cooperation with the Centre for European Economic Research (ZEW) in Mannheim.

http://www.zew.de/en/press/1693/zewgif-office-market-forecast---rents-for-offices-in-prime-locations-strongly-increase

Office Market Frankfurt - Q2 2011

Office Market Frankfurt - Q2 2011

With an office space turnover of 230,200 sq m, the first half of 2011 was just under the result of the previous year (-0.4%). In contrast to the previous year when the proportion of owner-occupied transactions was at a high level, the first half result of the current year was characterised by a relatively low proportion of 10%.

Author(s): several
Source: CB Richard Ellis
Published: 27.07.2011

http://www.immopro24.com/market-report/office-market-frankfurt-q2-2011_1020.html

Colliers: German office leasing market sees vacancies decline (DE)

Colliers: German office leasing market sees vacancies decline (DE)
Thursday 21 July 2011

The German office leasing market showed its most positive side in the first half of 2011 in terms of take-up of space.

Just under 1.42 million m² of space was taken up in the six most important centers of office activity, an increase of almost 19% from the previous year. At the same time, this is the second best half-year result since 2005,” emphasizes Andreas Trumpp, Head of Research at Colliers International in Germany.

http://www.europe-re.com/system/main.php?pageid=2616&articleid=18515

Office market: Construction tracks the health of banking - FT.com

Frankfurt as a Financial Centre

June 13, 2011 4:12 pm
Office market: Construction tracks the health of banking
By Ed Hammond

The lofty canyons of Frankfurt’s financial district are once again reverberating with the rumble of heavy machinery.

Caterpillar-tracked piling rigs plunge drill heads into the soil, boring the deep holes for the concrete and steel foundations from which the city’s next generation of skyscrapers will rise.

http://www.ft.com/intl/cms/s/0/ed5ea1c8-955e-11e0-a648-00144feab49a.html#axzz2PXw36Vqx

Frankfurt’s ‘Mainhattan’ Reaches for the Skies

February 25, 2011, 10:59 AM
Frankfurt’s ‘Mainhattan’ Reaches for the Skies

By Tom Fairless

Frankfurt’s landmark towers are gleaming anew. This week, the last of 2,800 staff moved back into Deutsche Bank’s 155-meter towers, nicknamed “debit” and “credit,” after a three-year refurbishment. Everything bar the concrete skeleton is new. The pair will be formally launched at a party on Thursday.

http://blogs.wsj.com/source/2011/02/25/frankfurts-mainhattan-reaches-for-the-skies/

Catching of one’s breath on Frankfurt’s market for office space

Catching of one’s breath on Frankfurt’s market for office space
5 Jan, 2011, Frankfurt

The annual property area turnover of 475,000 m² in 2010 represented an increase of about 36% over the result achieved in 2009

http://www.cushwake.com/

MarketView Office Market Frankfurt

MarketView Office Market Frankfurt

Q3 2010

In the first nine months of the year, office space take-up of 371,000 sq m was 25% higher than the figure reported for the same period last year; 35% of the take-up figure is accounted for by owner-occupiers. The positive take-up trend reflects the improving outline economic conditions in the city on the River Main.

Author(s): several
Source: CB Richard Ellis
Published: 19.10.2010

http://www.immopro24.com/market-report/marketview-office-market-frankfurt_966.html

Frankfurt's Office Market Revives on Improved Rental Prospects

Frankfurt's Office Market Revives on Improved Rental Prospects
By Peter Woodifield - Oct 7, 2010

Frankfurt’s office property market will probably attract the most investment this year since 2007 as the strengthening economy fuels demand for space, CB Richard Ellis Group Inc. and Jones Lang LaSalle Inc. said.

http://www.bloomberg.com/news/2010-10-06/frankfurt-s-office-property-market-revives-on-improved-prospects-for-rents.html

Frankfurt’s Office Market Releases the Handbrake

Frankfurt’s Office Market Releases the Handbrake
1 Oct, 2010, Frankfurt

• The rental space for Frankfurt’s office market was 162,000 m2 for the 3rd quarter
• Recovery in all size segments
• Prime rent unchanged
• All signs point to annual sales above 500,000 m2

http://www.cushwake.com/

Helaba presents a study on the Frankfurt office market: Commercial real estate financing in Germany emerging from the crisis

Press Releases | Sep 27, 2010
Helaba presents a study on the Frankfurt office market: Commercial real estate financing in Germany emerging from the crisis

In advance of the ExpoReal in Munich, Helaba Landesbank Hessen-Thueringen has presented its study “Frankfurt office market: Quality counts”. In focus are the prospects for the office market in Frankfurt and the Rhine-Main economic region. Johann Berger, Vice Chairman of the Board of Managing Directors and responsible for real estate, also took the opportunity to comment on the outlook for commercial real estate financing in Germany. Whilst he sees no danger of an imminent credit crunch, at the same time risks for the supply of loans cannot be ruled out:

https://www.helaba.com/en/Presse/PresseInformationen/2010/20100927-Immobilienstudie.html

Office letting market in Frankfurt 1st quarter 2010 in comparison to last nine years: Worst result after 2004

2010-04-12

Message delivered via NAI apollos. The emitter takes responsibility for the content.

Germany | Property Markets, Commercial property: Office, estate agent
Office letting market in Frankfurt 1st quarter 2010 in comparison to last nine years: Worst result after 2004

Hessen: The total letting performance in Frankfurt in the 1st quarter 2010 is approx. 54,906 sqm office space. With this the office market has achieved its second-worst result since 2002: During the past nine years even less office space, 36,500 sqm, was transacted in the 1st quarter 2004.

http://www.immopro24.com/press-releases/office-letting-market-in-frankfurt-1st-quarter-2010-in-comparison-to-last-nine-years-worst-result-after-2004_20838.html

Frankfurt: Grounds for optimism in spite of upheaval

Property

Frankfurt: Grounds for optimism in spite of upheaval

By James Wilson in Frankfurt
Published: October 2 2009 16:02 | Last updated: October 2 2009 16:02

Frankfurt’s property market professionals are surprisingly optimistic about the city’s prospects in spite of the inevitable upheaval that the deep banking crisis has caused in Germany’s financial capital.

http://www.ft.com/cms/s/0/c0b8a95a-ad13-11de-9caf-00144feabdc0.html#axzz2PXw36Vqx

Frankfurt office market: A safe stopover landing despite turbulence

Frankfurt office market: A safe stopover landing despite turbulence
2 Oct, 2008, Frankfurt

In the third quarter, the Frankfurt office market looked to be virtually unshaken by the turbulence in the global financial markets. In the first nine months of the year, a total of 385,000m² of office space was leased, almost a third of this (120,000m²) in the third quarter – an excellent result in view of the current situation. However, it is still clear that lease activities in the Frankfurt market have fallen by 9.4% in relation to the first three quarters of 2007 (first to third quarter of 2007: 425,000m²).

http://www.cushwake.com/