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Office Market Report Hamburg Q3 2020

  • Slight increase in market activities
  • Future supply situation set to improve with the development of several new construction projects in the three main submarkets of City, HafenCity and City Süd
  • Covid-19 remains key factor in the decline in take-up
  • Due to unfulfilled expansion plans, space is increasingly being offered for subletting
  • Bahrenfeld records 11% uplift in take-up over the previous year