At a Glance Q4 2020

Office market Germany

Büromarkt Deutschland

TAKE-UP ONE-THIRD BELOW PREVIOUS YEAR'S LEVEL

The effects of the Corona pandemic and the ongoing uncertainty about the timing and dynamic of the economic recovery have left their mark on the office markets. With take-up of around 2.7 million m², the previous year's figure was missed by 34%. However, it should be noted that in 2019 an extraordinarily good result was reported. Next to the decline over the year as a whole, the development over the course of the year is also important. A comparison of the separate quarters with the same period last year shows that from the middle of the year the decrease in take-up noticeably lost momentum. In Q2, the volume in 2020 were still 48% lower than in the same period a year earlier. In Q3, it was 39% and in the final quarter "only" 28%.

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KEY INDICATOR TABLE FOR GERMANY

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