OFFICE MARKETS SLIGHTLY UP YEAR ON YEAR
The eight German office markets of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich reported take-up of just under 1.4 million m² in the first half of 2021. Despite the large-scale lockdown restrictions, which lasted for many months, the previous year's result was thus exceeded by around 5%. While Berlin remains stable at a very high level, four other markets reported an increase of well over 25%, including Frankfurt and Hamburg. The majority of the locations achieved take-up in line with the long-term average and in some cases even significantly above it. This is particularly remarkable, because the first half of the year was still dominated by the third pandemic wave, which once again affected the country after Easter.