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Office Market Report Hamburg Q3 2019

  • Letting performance up moderately by 3%
  • Supply of vacant office space continues to decline
  • Competition among tenants is particularly high in central locations
  • High occupancy rate for project developments before completion
  • Office tenants should plan longer lead-in times for larger enquiries
  • City, HafenCity and City South lead location ranking
  • No lettings of premises larger than 10,000 sqm concluded in the third quarter
  • A total annual take-up of 580,000 sqm appears possible