The German office markets have held their course impressively in a difficult environment in 2022. Take-up in the eight locations Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich amounted to a good 3.4 million m² at the end of the year. This matched the previous year's result (also 3.4 million m²), and at the same time the result is on a par with the long-term average.
- Take-up of 3.4 million m² at the previous year's level and in line with the long-term average (3.5 million m²)
- Vacancy rate rises by 4.6% to 5.3 million m²
- Vacancy rate above 5% only in Essen, Düsseldorf and Frankfurt
- Prime and average rents in all locations increased with further upward trend