Lowest vacancy rate on the German office market in 10 years

Lowest vacancy rate on the German office market in 10 years
Andreas Trumpp

Overall take-up above average thanks to strong fourth quarter

January 10, 2013, Munich – In Q4 2012, office tenants were once again ready to do business and hit the market with a year-end spurt generating take-up of around 2.77 million m² in six German office markets: Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Munich and Stuttgart. Andreas Trumpp, Head of Research at Colliers International, Germany, says, “Although we experienced a decline of around 9 percent from 2011, it was to be expected considering the above-average number of major deals we recorded that year. At the end of the day, we even managed to somewhat exceed our expectations for 2012.” Results for the last office leasing year were up by around 126,000 m² from the ten-year average of 2.64 million m². In addition, a considerable portion of the drop in sales can be attributed to the fact that owner-occupier take-up decreased by half.

http://www.colliers.com/en-gb/frankfurt/insights/market-news/20130109_german-office-market_q42012

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