FRANKFURT OFFICE MARKET COMPARATIVELY STABLE
The Frankfurt office market is looking back on a year of low letting activity. Take-up was distributed relatively evenly over the entire year. Around 100,000 m² was registered in each quarter. However, with a take-up of 109,000 m², a positive trend could be identified in the final quarter. A total volume of 394,000 m² (gif market area: 356,000 m²) was recorded. The previous year's result was missed by around 17% and the 10-year average (529,800 m²) by 26%. The two largest lettings of Deutsche WertpapierService Bank AG and a wholesale/retail company, each 12,400 m², are the only two transactions over 10,000 m². The overall low take-up is largely due to the lack of large-volume lettings.
The PDF download contains an overview of the key figures for the Frankfurt 2023 office market and the detailed table of key figures at submarket level can be accessed via the following link.
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