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Office Market Report Hannover Q2 2019

Hannover Immo Publikation

  • The supply of vacant office space continues to decline despite the high volume of completions
  • A further 330,000 sqm of office space will have been added through new construction and refurbishment by 2023
  • Prime and average rents rise significantly
  • The number of office employees has increased by 11% in the last five years to around 153,000
  • City and city fringe locations are the most popular with office tenants
  • An increasing number of flexible office and coworking locations are opening in the city
  • Total annual take-up of up to 150,000 sqm appears achievable
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