RECORD RESULT DESPITE ONGOING PANDEMIC
The Dresden office market has achieved a record result in 2021. At the end of the year, the capital of Saxony recorded a take-up of 120,000 m² for the first time ever. That is 28 % above the previous year's result. Therefore, the positive development of recent years was continued and the long-term average was even exceeded by 26%. This development is attributable not only to the general economic recovery and a continuing strong performance from small and medium sized companies, but also to a significant increase in demand for space from the science and research sector. The high market share of public administration is primarily ascribe to this growth segment. The lively leasing activity in the small and medium-sized segment is particularly remarkable. By contrast, only one deal above 10,000 m² was registered in 2021.