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Office Market Report Report Hamburg Total Year 2019

  • Shortfall in supply of space is inhibiting office tenants
  • Letting performance just above the 10-year average
  • More and more occupiers are attempting to extend their leases
  • After a brief respite, office rents will continue to increase over the second half year
  • City Centre is the most active office district in terms of take-up
  • Highest proportion of office take-up attributable to IT and multimedia sectors
  • Full-year take-up of over 500,000 sqm is realistic for 2020



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