Office Dashboard
Office take-up in Germany's most important office markets – Berlin, Cologne, Düsseldorf, Essen, Frankfurt, Hamburg, Leipzig and Munich – amounted to a good 2.0 million sqm at the end of the third quarter. This represents an increase of 3.4% on the previous year's level, and a direct quarterly comparison emphasizes the overall stability of the market in a continuingly weak economic environment. Positive momentum has recently been generated by the important mid-sized segment, which has seen a significant and sustainable increase in letting activity in recent months after a long period of stagnation. The market for small-sized space remains dynamic, while the rapid pace of large-scale lettings seen at the beginning of the year could not be maintained.