SUCCESSFUL START INTO THE YEAR
With take-up of 101,000 m² (in the more narrowly defined gif market area: 80,000 m²), the Frankfurt office market had a positive start to the year 2021. Despite the hard lockdown at the beginning of the year and the wideranging contact restrictions, leasing activity was significantly more lively during the rest of the quarter than in the previous years of 2019 and 2020. Compared to the same quarter of the prior year, which was almost "normal" until March, a plus of around 23% can be recorded. The ten-year average of 104,300 m² was only just missed. As in 2020, there was one contract with more than 10,000 m² in the first three months of 2021, also for a project development. Siemens has started the construction of a new office building at the Airport/Gateway Gardens location. Significantly more activity was registered in the mid-range space segment between 5,000 and 10,000 m², which accounts for 21% of take-up. There was a complete absence of new deals in this important mid-sized segment during the same period last year.
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