VERY GOOD HALF-YEAR RESULT
The Hamburg office market was extremely dynamic in the first six months of the year, with take-up currently standing at 302,000 m², the second-best half-year result ever was recorded. While the long-term average was exceeded by a good 23%, the previous year's result, which was still dominated by the Corona pandemic, was topped by as much as 42%. By far the largest deal of the current year is attributable to Hamburger Sparkasse, which will consolidate its existing office locations in the newly built Deutschlandhaus at Gänsemarkt on 30,800 m² of space. Contracts of this size are a rarity on the Hamburg office market. Nevertheless the fact that the strong half-year result is based on a very broad foundation is also shown by take-up in the segment below the 10,000 m² mark, which lies around 86 %. Thus, more than 190 registered contracts also speak for a very lively market activity overall. Major distortions due to the current geopolitical and economic uncertainties have thus not yet occurred on the office letting market in the Hanseatic city.