BERLIN OFFICE MARKET STABLE IN FIRST HALF OF 2022
The Berlin office market can boast good key indicators for the first half of 2022. At 364,000 m², take-up is around 8% up on the previous year's result and the long-term average is exceeded by 5%. Particularly striking is the great consistency in the year to date, with take-up of 185,000 m² in the first quarter and 179,000 m² recently. Balanced is also the keyword in the distribution across the size classes: Although an absolute mega-deal was recorded in the Mitte submarket with the owner-occupier contract of the State of Berlin for 40,000 m², the market has actually been characterized by lively activity in the small and medium size classes. Including the aforementioned major deal, contracts of more than 10,000 m² accounted for just 16% of take-up, while contracts of less than 500 m² accounted for a full 17%.