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Office Market Report Berlin Total Year 2020

  • Letting performance was in the average range in 2020 despite the pandemic
  • Second half-year letting performance exceeded first half-year with 384,000 sqm (340,000 sqm)
  • Public sector and large corporations were the strongest drivers of take-up 
  • Higher vacancy rate but supply of office space remains scarce
  • Prime and average rents appear to be increasing, mainly due to the first quarter
  • Mitte once again leads the location ranking