BRILLIANT END TO THE YEAR
After a very stable first half of the year, the Frankfurt office market had already shown clear signs of recovery in the third quarter, but the year-end quarter once again exceeded all expectations. With take-up (including owner-occupiers) of 209,000 m² in Q4, the third-strongest quarterly result in recent years was achieved and the total annual take-up for 2021 in the market area increased to 538,000 m² (of which 458,000 m² was in the gif market area). This represents a growth of almost 40% year-on-year. Despite the continuing challenging environment in the wake of the Corona pandemic, take-up in the banking metropolis is now on a par with the 10-year average. Market momentum has increased across all size categories, particularly in the mid-sized segment. Contracts in excess of 10,000 m² are a positive factor. With a total of seven deals, take-up is up 46% on 2021 to 110,000 m² and the result is in line with the long-term average (111,000 m²).