HALF-YEAR FIGURES, AS EXPECTED, BELOW THE PRIOR-YEAR RESULT
-
After the first half of the year, take-up on the Frankfurt office market totaled around 173,000 sqm, of which 150,000 sqm was attributable to the gif market area. This means the result was significantly below the very strong prior-year level (-53%) and also below the long-term average (-27%). The main reasons for this are the subdued economic environment, ongoing geopolitical uncertainties and structural changes on the demand side. The currently noticeable reluctance among many companies is dampening market activity.
-
The office market continues to be characterized by restrained demand. Larger space searches in particular are being implemented only hesitantly against the backdrop of hybrid working models, longer decision-making processes and increased planning uncertainty. However, the comparatively low take-up only partly reflects actual market activity, as the letting pipeline remains well filled. In the second quarter, three larger deals of around 5,000 sqm were recorded, including two in the city centre and one lease by Fraport at the airport.
-
Rental development remained broadly stable, with a positive trend in the prime segment. Over the past twelve months, the average rent across all leases increased by around 2% to EUR 28.30/sqm. The prime rent for high-quality space in top locations rose more markedly, by 6%, and currently stands at €57.00/sqm. Isolated lettings even exceed this high level nationwide, whereby contracts with over €70/sqm already be registered in 2026 so far.