million sqm). The highest prime rent
is traditionally achieved in the banking
metropolis of Frankfurt am Main and
currently stands at 39.00 €/sqm per
month. Elsewhere, only Munich is able
to register a prime rent of above € 30,
at 34. 50 €/sqm per month. Prime rents
in the other three top five markets,
Düsseldorf, Berlin, and Hamburg, lie
very close together at 26. 50 €/sqm/
month, 25. 50 €/sqm/month and 25.00
€/sqm/month respectively. The average rent in Frankfurt am Main is also
higher than in the other markets, and
currently stands at 19. 40 €/sqm/month.
Munich is again in second place here
with 16. 50 €/sqm/month, while average
rents in the other markets are around
Based on the stable economic situation
combined with rising employment figures in Germany, take-up on the German
office lettings market is expected to increase further in 2016. Indeed, growth
is seen as a certainty for the full year
following the positive development in
2015 and the good performance in the
first half of 2016.
As take-up continues to rise in the Top
5, most of the markets are also experiencing a decline in vacancy rates. In
some cases, the rate has come close
to 4 percent. The reduction in supply
reserves provides enormous potential
for new project developments that are
also in the process of being realized.
New spaces will quickly find customers
as a result of the ongoing economic
prosperity and the related continuation
Hence not only is the German commercial property investment market
characterized by strong demand, but
the office lettings market is also in an
exceptionally healthy state and will remain so in the coming years.
You need an SIOR
member in Germany?
How would you like to have a single
point of contact that helps you with
all real estate matters in any place
of the country …
Andreas Krone SIOR
Tel + 49 (0) 69 – 970 505-104
apollo real estate GmbH & Co. KG
60313 Frankfurt am Main
… whether in:
Our group covers all major markets and is well experienced
in all asset classes.
● Asset and Portfolio
● Property Management
● Lease Management
● Acquisition and Sales
● Process Management
● Tenant Representation
● Layout planning
Please reach out to me and let me know how I can help you.
We will find the best and individual solution for you and client.
Frankfurt am Main