VERY SUCCESSFUL START INTO THE YEAR
The Frankfurt office market got off to a strong start in 2022. The take-up totaled 137,000 sqm (in the narrower gif market area: 113,000 sqm). This virtually matched the top result from 2017 with a precision landing and exceeded the 10-year average by almost 32%. Compared with the good start to 2021, a further increase of almost 36% was achieved. With the exception of the 5,001 to 10,000 sqm size class (-30%), market momentum has increased in all space segments. The revival in the 2,001 to 5,000 sqm size segment (+170 %) was particularly positive. The noticeable increase in large deals with leasable space in excess of 10,000 sqm (+90%) is entirely attributable to the owner-occupier transaction concluded by GIZ-Gesellschaft für internationale Zusammenarbeit with 28,000 sqm in Eschborn.