office market profile - jll · office market profile | 4th quarter 2019 berlin berlin groß glie...
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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 [email protected]
Helge ScheunemannHead of Research Germany+49 (0) 40 350011 [email protected]
Contact DüsseldorfMartin BeckerSenior Team Leader Office Leasing+49 (0) 211 13006 [email protected]
Contact FrankfurtMarkus KullmannRegional Manager Frankfurt+49 (0) 69 2003 [email protected]
Contact HamburgAndré HoffmannSenior Team Leader Office Leasing+49 (0) 40 350011 [email protected]
Contact CologneAndreas ReulTeam Leader Office Leasing+49 (0) 221 2775 [email protected]
Contact MunichFritz Maier-HartmannSenior Team Leader Office Leasing+49 (0) 89 290088 [email protected]
Contact StuttgartSebastian TreierTeam Leader Office Leasing+49 (0) 711 900370 [email protected]
Contact Berlin Gerald DietzoldSenior Team Leader Office Leasing+49 (0) 30 203980 [email protected]
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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