STRONG MOMENTUM IN SMALLER SEGMENTS - LACK OF MAJOR LETTINGS RESTRAIN TOP-RESULTS
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The half-year balance on Berlin’s office market is nuanced: While lettings above 2,000 sqm contributed below average to total take-up, the smaller size categories up to this threshold achieved one of the best results of the last ten years. These smaller deals accounted for a remarkable share of nearly 75%.
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As of mid-year, total take-up amounted to approximately 247,000 sqm, marking a 12% decrease compared to 2024. However, this is due to a shift in demand rather than a slowdown. Modern, ESG-compliant spaces in well-connected submarkets remain in focus, while large expansions or relocations are currently rare.
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In the last six months, four deals with more than 5,000 sqm have been recorded. These include the lettings of House of Games in the Mediaspree submarket (10,900 sqm) and the owner-occupier deal of Goldbeck in the Bürocampus SXF ONE, which is currently under construction at Schönefeld Airport (7,000 sqm). Additionally, two public administration contracts can be mentioned: the rental to the Technical University of Berlin (5,900 sqm) and the new construction of the office and laboratory building for the Federal Environment Agency (5,300 sqm).
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Prime rents remain at €46.00/sqm due to strong demand for premium space. The average rent is now at €27.80/sqm.