SIGNIFICANT INCREASE IN TAKE-UP IN Q3
Letting activity on the Berlin office market accelerated significantly in the third quarter, with take-up totalling 627,000 m² at the end of September. This exceeded the result for the same period last year by almost 21% and the 10-year-average by an impressive 13%. It was the strong third quarter in particular that was responsible for the good result. In the three summer months, 263,000 m² (incl. 3,500 m² owner-occupiers) of take-up were registered. It was thus the third-strongest Q3 in history and ranks behind the top years of 2017 and 2019. It seems that the Berlin office market is preparing to continue its success story from before the outbreak of the Corona pandemic. Particularly in the size classes below 5,000 m², market activity is much more dynamic than in previous months. However, the large scale segment also increased significantly. In the third quarter, four contracts beyond the 10,000 m² mark (totalling 74,000 m²) were concluded.