204,000 SQM IN THE FIRST QUARTER; NEW RECORD START TO THE YEAR DUE TO EXCEPTIONAL DEALS
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Although the economic insecurity continues to be a factor of uncertainty, the first quarter on the Frankfurt office market was characterized by a new dawn: with take-up totaling around 204,000 sqm, the volume exceeded the 200,000 sqm mark for the first time in the first three months of the year. To categorize the result: In the last two years, take-up comparable to that at the start of 2025 were only achieved at the half-year mark, with 190,000 sqm (2022) and 215,000 sqm (2023).
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However, another aspect is that such a high volume in three months is only possible due to very large-volume exceptional contracts that had been in the pipeline for some time. Commerzbank, for example, rented around 73,000 sqm in the Central Business Tower project development, thereby concluding the largest rental agreement since records of take-up on the Frankfurt office market have been kept. In addition, the letting to ING-DiBa Germany in the Hafenpark Quartier (32,000 sqm) was another very large contract finalized in the first part of the year. The group of major lettings is rounded off by another deal for just over 10,000 sqm in the CENTRAL PARX office property, which was signed by the international law firm White & Case in Westend.
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The strong momentum is also reflected in the development of prime rents, which rose to €54.00 per sqm due to very high-priced deals in ESG-compliant premium space. The continuation of this upward trend in the prime segment can already be observed in some lettings well above this mark.