SOLID RESULT FOR THE FRANKFURT OFFICE MARKET
In the first three quarters of 2019 Frankfurt recorded a take-up of 397,000 m² in the entire market area. Of this amount, the more narrowly defined gif region accounted for 370,000 m². Although the banking metropolis had to accept a decline of 17% compared to the extraordinary result of the comparable period of last year, the city was still able to exceed the ten-year average by 4% and achieve an overall solid outcome. The central city locations were again particularly in demand, as they contributed more than 151,000 m² to total take-up corresponding to a share of around 38%. Even more outcome was generated in the secondary locations (175,000 m²), for which among other factors a whole series of large deals were responsible. This shows that bigger office unites of modern quality are hardly available in the city area. Examples of large deals in secondary locations include Niederrad (DekaBank, 46,200 m²; DFB, 10,000 m²) and Eschborn (Randstad Germany, 14,800 m²; German Corporation for International Cooperation, 10,600 m²).
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