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Office Market Report Report Berlin Total Year 2019

  • Highest office space take-up of all time
  • Significantly improved letting performance of 603,000 sqm over the second half of the year
  • Supply of office space now at an all-time low
  • Office tenants shifting their attention to new-build projects
  • High proportion of pre-letting in new-build projects scheduled for completion by 2022
  • Average and prime rents increasing
  • Mitte district retains first place in the location ranking
  • Take-up in Friedrichshain at three times the 2018 level

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