TAKE-UP ABOVE PRIOR-YEAR LEVEL
Although the beginning of 2022 was marked by extensive restrictions in the wake of the Corona pandemic, above all the home office obligation, and the start of the war against Ukraine is associated with many uncertainties, 807,000 sqm of office space was transacted in the eight German locations of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich. This exceeded the previous year's result by almost 16%. Analyses of the long-term comparison show that the leading locations of Berlin, Munich and Frankfurt in particular have entered calmer waters, missing the 10-year average by just under 3%. The current snapshot shows that companies were and are once again prepared to make location and space decisions. The pace of vacancy growth has slowed further and the vacancy rate is only above 5% in Essen, Düsseldorf and Frankfurt. Prime rents were stable to rising at the start of the year.