TAKE-UP AT THE LEVEL OF THE LONG-TERM AVERAGE
With a take-up of 341,000 m² the half-year result in Berlin is 18% below the previous year's figure. In contrast, the ten-year average was exceeded by a good 3%. Thus, compared to the rest of Germany, the capital city is in a good shape and recorded a below-average decline in connection with the corona pandemic and the lockdown. However, it should be noted that some major deals were already negotiated before the corona crisis. After the sharp rise in the number of infections, the nationwide lockdown with a ban on contact and the looming recession in 2020, many companies in Berlin, too, have either put their planned leases on hold for an indefinite period or - which is predominantly the case - postponed them. This is also reflected in the fact that the number of leases almost halved in the second quarter. The most important contracts include a good 84,000 m² from the German pension insurance company and just under 13,000 m² from Zalando, both in the Mediaspree office market zone, as well as 22,500 m² from KPMG and 11,900 m² from the Autobahn GmbH des Bundes, both in the central station zone.
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