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Frankfurt: Office Leasing | Investment H1 2020

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Weeks of lockdown and restrictions led to an almost complete standstill on the Frankfurt office leasing market at the start of Q2. Impacted by the total absence of large scale leases for more than 5,000 sqm in Q2, take up came in at around 112,000 sqm, down roughly 50% from the 10 year average. Market activity remained comparatively stable around units under 1,000 sqm. In terms of rents and vacancy, it will be several months before any shifts triggered by the pandemic become apparent. For the moment, these key figures remain in line with previous year results. The office market is in general proving very robust compared to past crises thanks to moderate vacancy rates and average construction activity. Market activity is again picking up noticeably as well with several companies currently looking for larger scale units. As such, we find annual take up results of 350,000 sqm realistic for 2020, which would put activity in line with 2009.

Frankfurt

Frankfurt: Office Leasing | Investment H1 2020

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Susanne Kiese

Head of Market Intelligence & Foresight | Düsseldorf

Duesseldorf

Susanne joined Colliers International Holding GmbH in February 2016 as Head of Research Germany. Before, she worked as a Senior Research Analyst for Hypothekenbank Frankfurt / Eurohypo, a specialist bank for real estate and public finance for almost 12 years. Susanne was also Research Analyst with Deutsche Gesellschaft für Offene Immobilienfonds (DEGI) GmbH, the property related investment company of Allianz Dresdner Property Group (now part of Aberdeen). 

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