At a Glance Q2 2020

Office market Germany

Büromarkt Deutschland


As expected, the effects of the Corona crisis and the lockdown in the second quarter were strongly noticeable on the office markets. At the end of the first half of the year, an outcome of around 1.3 million m² was recorded, which corresponds to a decline of around one third. Looking only at the second quarter, in which 557,000 m² were taken up, the result is 48% lower. This development comes as no surprise. After the nationwide lockdown with a ban on contact and the looming recession in 2020, it is not surprising that many companies have either put their planned lettings on hold for an indefinite period or, which is mostly the case, postponed them in order to wait for the further economic development in the second half of the year before making major investments.

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