NEW RECORD AT THE BEGINNING OF THE YEAR
With a take-up of 244,000 m², the Berlin office market is making a brilliant start to the new year. Not only has the performance in the first three months never been better, but first-quarter take-up corresponds to a very good year-end sprint and represents one of the five best quarterly results. A whole series of major deals boosted the result: These include the German Federal Ministry of Health, which has begun the reconstruction of its own 23,200 m² property in the Topcity East, as well as contracts of the fitness company McFit Global Group/RSG Group for 19,500 m² in the Topcity West and the digitisation service provider VW Diconium for 13,900 m² in Mitte. In total, the segments with more than 5,000 m² were heavily occupied in the first quarter: around 59 % of take-up was generated with contracts in this size range. However, these areas are rather seldom found in existing buildings, so that a not inconsiderable share is attributable to new buildings or projects under construction. Within the market area, Topcity Ost achieved by far the highest turnover with 48,000 m², which is also a very good result in a long-term comparison. The city locations, especially Mitte (28,000 m²) and Checkpoint Charlie/Spittelmarkt (26,000 m²), also generated strong volumes.
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