OFFICE MARKETS BACK ON TRACK
Although the Corona pandemic is still present, the economic recovery stalled in the fall and there is still uncertainty in many management floors regarding the future use of remote working, the major German office markets appear to be on the road to recovery overall. All major real estate centres recorded a significant increase in take-up in the second half of the year, and in many markets the final quarter was characterized by the traditional year-end rally, despite the Omicron wave. With take-up of around 3.4 million m², the previous year's result was exceeded by a substantial 26.5% and the outcome is roughly on a par with the 10-year average (3.5 million m²).
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