At a Glance Q3 2019

Office market Germany

Büromarkt Deutschland

RECORD: FOR THE FIRST TIME OVER 3 MIO. M² TAKE-UP

The strong demand continued in the third quarter and for the first time after nine months, take-up rose to more than 3 million m². Thus, the record set last year was again exceeded by 6%. The most important reason for this is the development of the labour market. Despite a slight decline in GDP in the second quarter, the unemployment rate is at its lowest September level since German reunification. If additional effects such as demographic developments and the resulting war for talents are taken into account, there are certain indications that many companies will try to retain their employees even during a period of economic weakness. The office markets will benefit from this trend, especially in the long term.

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