Q2 | July 2021

Research Office Market Profile Frankfurt: Weak first half of the year but encouraging expectations for the second half

At 165,500 sqm, although space take-up over the first Development of Indicators half of 2021 was 48% higher year-on-year, it was the se- cond weakest first half of the year of the last 15 years. Many companies have continued to delay their leasing decisions, but tenant confidence is already returning and enquiries are on the up, even for larger areas in the >5,000 sqm size category. Meanwhile, many companies have taken the opportunity to define their future work- space strategy. They now have a significantly better un- derstanding of how they want to work in the future, and are able to plan their location, property and space re- quirements more clearly. There is a noticeable ‘flight to quality’ trend, even amongst the lettings in the first half of the year: seven of the 10 largest deals were conclu- ded in project developments or very recently comple- expected medium-term rise in vacancy, the moderate ted buildings (within the last 12 months). The increased vacancy in combination with the limited construction dynamism in enquiries is likely to result in greater space pipeline will lead to a hike in the prime rent. take-up over the second half of the year. Despite the

Frankfurt: Office Space Market Areas with Rental Bands (€/sqm/month) Frankfurt: Office Market Areas with Rental Bands (€/sqm/month) JLL Research 2021/Q2 Oberhoechstadt/Ts. Kalbach Königstein Kronberg Oberursel Mertonviertel-Riedberg Schneidhain € 10.00-15.00 Ts. Mittelbuchen Bad Vilbel Steinbach Wachenbuchen

Altenhain Other Urban Locations (North) Bischofsheim Schwalbach Eschborn € 9.00-17.50 Maintal Bischofsheim Bad Soden Eschborn North Seckbach € 11.50-16.50 Kelkheim Doernigheim Rödelheim Hanau € 9.00-13.50 East Frankfurt am Main € 10.00-18.50 Mühlheim

West Kaiserlei € 9.50-28.00 € 8.00-16.00 Offenbach LaemWmeseternsd-pieNlordend- Hofheim Sachsenhausen am Main Other Urban Locations (South) € 11.50-17.00 Nord West Kriftel Bockenheim Lyoner Quartier Westend € 10.00-17.00 City-West € 16.00-33.00 Nordend-Ost € 13.00-18.50 Hattersheim Obertshausen City Westend- € 13.00-30.00 Süd Innenstadt Banking District Altstadt Frankfurt am € 19.00-41.50 Kelsterbach Okriftel Main Gravenbruch Airport Gallusviertel Heusenstamm Central Station Area € 16.00-25.00 Neu-Isenburg € 12.00-2R4.e00mbruecken Eddersheim Sachsenhausen- Nord Rodgau Westhafen Frankfurt € 18.00-25.50 Zeppelinheim Sachsenhausen- © OpenStreetMap&Rcoanutnribhuetiomrs Dreieich Süd Konstantin Kortmann Stephan Leimbach Helge Scheunemann Head of Leasing & Agency Germany Head of Office Leasing Germany Head of Research Germany +49 (0) 69 2003 1390 +49 (0) 69 2003 1245 +49 (0) 40 350011 225 [email protected] [email protected] [email protected]

Gerald Dietzold Miguel Rodriguez Thielen Suat Kurt Senior Team Leader Office Leasing Senior Team Leader Office Leasing Senior Team Leader Office Leasing Berlin Düsseldorf Frankfurt +49 (0) 30 203980 144 +49 (0) 221 2775 44 +49 (0) 69 2003 1347 [email protected] [email protected] [email protected]

André Hoffmann Alexandra Hager Fritz Maier-Hartmann Senior Team Leader Office Leasing Senior Team Leader Office Leasing Senior Team Leader Office Leasing Hamburg Köln München +49 (0) 40 350011 352 +49 (0) 221 2775 16 +49 (0) 89 290088 139 [email protected] [email protected] [email protected]

Sebastian Treier Senior Team Leader Office Leasing Stuttgart +49 (0) 711 900370 36 [email protected]

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