The Berlin office market picked up speed once again during the summer months. Take-up in the third quarter (including owner-occupiers) totaled 182,000 m², bringing the total to 520,000 m² by the end of September. Berlin thus continues to lead the field of Germany's top locations by a wide margin, ahead of Munich (440,000 m²) and Hamburg (345,000 m²). Compared with the previous year's result, an increase of just under 8% can be reported for the capital. The more dynamic development was primarily driven by a significant revival in leasing activity in the mid-sized segment. One example is take-up in the category of 5,001 to 10,000 m², where the figure rose noticeably in the third quarter to 74,000 m², around 12% above the 10-year average. Letting activity in the 1,001 to 2,000 m² (a good 14% market share) and 2,001 to 5,000 m² (around 12% market share) size segments has also recently seen a sustained boost.

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