SECOND-BEST RESULT IN THE LAST 15 YEARS
In the first quarter of 2019, 901,000 m² of office space were taken up at the eight most important German locations. This exceeded the previous year's value by around 1 % and at the same time achieved the second-best result in the last 15 years. So far, the office markets have defied the declining GDP forecasts and uncertainties in connection with the Brexit, the tariff dispute with the USA and a possible global economic slowdown. The main reason for this is that the economy is still growing, albeit at a slower pace than in previous years. This situation may change due to an external shock triggered by the above-mentioned risks. However, as long as this does not really happen, companies tend to assume a slight economic dip and do not fundamentally change their strategies.
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