The Berlin office rental market achieved a solid take-up in the first half of 2021, which is only marginally below the value of the same period last year. Responsible for this result are a few large-volume deals with beyond the 10,000 square meter mark, especially those from the public sector. These deals made in total almost half of the total take-up.
After a quiet start to the year, the Berlin investment market saw a fulminant second quarter, which at over € 3.2 bn was still above the level of the boom years 2017 to 2019. For the entire H1 2021 the ten-year average was exceeded by a whopping 76%. Stabilized core assets with tenants with good credit ratings as well as property developments are right at the top of the buyers` lists, so office properties continued to be by far the most sought-after asset class.