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Office Market Report Hamburg Q2 2020

  • Letting performance 46% down on previous year
  • Covid-19 is the main reason for the fall in take-up in Q2
  • Completion of new-build projects is improving the supply of space
  • Prime rents are rising again
  • > €20.00/sqm/month segment is recording the largest share of take-up
  • Many companies are focusing increasingly on home office and flexible working concepts