office market profile - jll · office market profile | 4th quarter 2019 berlin berlin groß glie...

Office Market Profile

Berlin | 4th quarter 2019 Published in January 2020

Office Market Profile | 4th quarter 2019 Berlin

Berlin

GroßGlienicke

Charlottenburg-Wilmersdorf

Friedrichshain-Kreuzberg

Lichtenberg

Marzahn-Hellersdorf

Mitte

Neukölln

Pankow

Reinickendorf

Spandau

Steglitz-Zehlendorf

Tempelhof-Schöneberg

Treptow-Köpenick

A113

A105

A103A115

A100

A111

A114

A10

Berlin-Tegel

Havel

Tegeler See

GroßerMüggelsee

DieBreite

Eastern Suburb€ 10.00-27.50

Western Suburb€ 11.50-17.50

Southern Suburb€ 10.00-26.50

Adlershof€ 10.00-18.50

Wilmersdorf-Schöneberg€ 16.00-28.00 Kreuzberg-Tempelhof

€ 15.00-30.50

Mediaspree€ 26.00-35.00

Charlottenburg-Tiergarten€ 17.00-27.50

Mitte€ 21.00-33.00

Prenzlauer Berg-Friedrichshain€ 17.50-28.00

Northern Suburb€ 11.00-18.00

Kladow

Ber l in

Gatow

Konradsh Malchow(H ohensch

Klarahoeh

Falkensee

Berlin: Office Space Market Areas with Rental Bands (€/sqm/month) JLL Research 2019/Q4

A113

A10 A13

E55

Berlin-Schönefeld

Berlin-Schönefeld

BohnsdorfGroßziethen

Karlshof

Kiekebusch

Schönefeld

Selchow

Rotberg

Tollkrug

Waltersdorf

Kienberg

Waßmannsdorf

Dahlewitz

Glasow

Area Airport Berlin-Brandenburg€ 8.50-18.50

Wilmersdorf

Schöneberg

Tiergarten

Charlottenburg

Charlottenburg 1A€ 22.00-37.00

Area Potsdamer-Leipziger Platz € 25.00 - 37.00

Mitte 1A€ 26.00 - 35.50

Area Main Station-Europacity € 28.00 - 35.50

Mitte

Moabit

Schöneberg

Wedding

Kreuzberg

PrenzlauerBerg

Hansaviertel

Tiergarten

Gesundbrunnen

Charlottenburg

Record year in Berlin’s office letting marketThe Berlin office space market ended the year with a new record take-up. A total of 998,500 sqm was let last year, 276,100 sqm of which was concluded in the fourth quarter. The letting market was shaped particularly by a number of major transactions, with the five largest deals accounting for 17% of total take-up. It is increasingly apparent that a growing number of companies are relocating to, or expan-ding their headquarters in the capital and, in the course of this, are looking for large premises. This observation is re-flected in the 143% increase in lettings in the >10,000 sqm size category compared to the previous year. In 2019, the stock of office space grew by 0.8%, while the vacancy rate fell to a low of 1.8%. Despite an overall decline in vacancies, the volume of vacancies tripled in the Mediaspree submar-ket, although this situation was not due to a lack of demand at the location. Quite the reverse: take-up in 2019 increased by 257% compared to the previous year, underlining the

general momentum. In fact, this trend is due to the expiry of numerous lease contracts and the increase of stock by 4.4%. As a result of the shortage of space and high demand, Berlin‘s rental prices reached new record levels in 2019. For instance, the prime rent increased by 9.0% to €37.00/sqm/month and the weighted average rent rose by 22% to €25.70/sqm/month.

Berlin: Office Space Market Areas with Rental Bands (€/sqm/month)

Development of Main Indicators

Stephan LeimbachHead of Office Leasing Germany+49 (0) 69 2003 1245stephan.leimbach@eu.jll.com

Helge ScheunemannHead of Research Germany+49 (0) 40 350011 225helge.scheunemann@eu.jll.com

Contact DüsseldorfMartin BeckerSenior Team Leader Office Leasing+49 (0) 211 13006 600martin.becker@eu.jll.com

Contact FrankfurtMarkus KullmannRegional Manager Frankfurt+49 (0) 69 2003 1062markus.kullmann@eu.jll.com

Contact HamburgAndré HoffmannSenior Team Leader Office Leasing+49 (0) 40 350011 352andre.hoffmann@eu.jll.com

Contact CologneAndreas ReulTeam Leader Office Leasing+49 (0) 221 2775 45andreas.reul@eu.jll.com

Contact MunichFritz Maier-HartmannSenior Team Leader Office Leasing+49 (0) 89 290088 139fritz.maier-hartmann@eu.jll.com

Contact StuttgartSebastian TreierTeam Leader Office Leasing+49 (0) 711 900370 36sebastian.treier@eu.jll.com

Contact Berlin Gerald DietzoldSenior Team Leader Office Leasing+49 (0) 30 203980 144gerald.dietzold@eu.jll.com

Copyright © JONES LANG LASALLE SE, 2020. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.

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