Office Market Profile
Berlin | 1st quarter 2020 Published in April 2020 Berlin Development of Main Indicators
Weak start to the year in the federal capital The Berlin off ice letting market began the year with a take-up volume of 172,000 sqm. This is a reduction of around 38% compared to the previous quarter and 20% lower than the fi ve-year average of respective comparative quarters. One of the reasons for this weak result was the strong year-end re- sult in 2019 with few deals pending completion in 2020. Once again, the main drivers of space take-up in the fi rst quarter of this year were high volume lettings. While the three largest transactions accounted for 20% of total take-up in the fi rst quarter of the previous year, they were responsible for 29% alone, the supply of space in this submarket increased by in the fi rst three months of the current year. Most of the quar- around 45,000 sqm. In view of the current high level of con- terly result was attributed to deals concluded in the > 10,000 struction activity there, it can be assumed that this trend will sqm size category. On a local level, it is apparent that the continue in the future. At the beginning of the year, the va- new and centrally-located “Areal Hauptbahnhof-Europacity” cancy rate in the federal capital was 1.9%. The prime rent submarket is attracting an increasing number of tenants. was unchanged at €37.00/sqm/month compared to the pre- This can be attributed to the growing attractiveness of the lo- vious quarter, whereas the weighted average rent increased cation and the progressing project developments. Last year by 2.6% to €26.36/sqm/month.
Berlin: Off ice Space Market Areas with Rental Bands (€/sqm/month) Berlin: Office Space Market Areas with Rental Bands (€/sqm/month) JLL Research 2020/Q1
Waidmannslust Heiligensee Märkisches Französisch Gesundbrunnen Rosenthal KlarahoWeehdding Viertel Buchholz Konradshöhe Blankenburg A 10 Tiergarten Wartenberg Prenzlauer Wittenau Wilhelmsruh Area Main Station-Europacity Niederschönhausen A 114 Malchow(Hohensch Berg Stadtrandsiedlung € 28.00-35.50 Konradsh Malchow Falkenberg Malchow Moabit Charlottenburg Reinickendorf Reinickendorf Heinersdorf Mitte Hakenfelde Neu- Northern Suburb Hochenschönhausen € 21.00-34.00 Tegel Pankow Charlottenburg 1A Schöneberg Pankow € 11.00-18.00 Mitte € 23.00-37.00 A 111 Weißensee Hansaviertel Marzahn Berlin-Tegel Falkensee Alt- Mitte 1A FalkenhagWeinlmerersdorf Feld Hohenschönhausen € 26.00-36.00 Gesundbrunnen Lichtenberg Haselhorst Charlottenburg- Wedding Prenzlauer Tiergarten HelKlerresudzobrferg Nord Berg Siemensstadt Moabit Area Potsdamer-Leipziger Platz Prenzlauer Fennpfuhl Schöneberg € 25.00-37.00 Spandau Mitte Spandau Berg-Friedrichshain Marzahn-Hellersdorf Staaken Lichtenberg Mitte € 17.50-28.00 Eastern Suburb Western Suburb Hansaviertel Friedrichshain € 10.00-27.50 € 11.50-17.50 Westend Charlottenburg-Tiergarten Wilhelmstadt Biesdorf € 17.00-28.00 Tiergarten Berlin Mediaspree Friedrichsfelde Mahlsdorf Charlottenburg-Wilmersdorf Charlottenburg Kaulsdorf Friedrichshain-Kreuzberg € 26.00-35.00 Rummelsburg HalenseWe ilmersdorf-Schöneberg Kreuzberg Alt-Treptow Groß € 16.00-29.50 Kreuzberg-Tempelhof GlienickeGroßziethen Bohnsdorf Wilmersdorf € 15.00-30.50 Karlshorst Schönefeld Grunewald Gatow Plänterwald Schöneberg Gatow Kienberg Schmargendorf Neukölln A113 A 100 Waßmannsdorf A 115 Friedenau Berlin-Schönefeld Tempelhof-Schöneberg Waltersdorf A 103 Oberschöneweide Tempelhof Selchow Berlin-Schönefeld Friedrichshagen Treptow-Köpenick Kladow Kiekebusch Dahlem Niederschöneweide Glasow Rotberg Steglitz Baumschulenweg Nikolassee Karlshof Southern Suburb Britz Köpenick Kladow Tollkrug Steglitz-Zehlendorf Neukölln Zehlendorf € 10.00-26.50 Adlershof Area Airport Berlin-Brandenburg A 113 JohannAistdhallershof Mariendorf Buckow € 8.50-18.50 Lichterfelde € 10.00-18.50 Lankwitz Wannsee Rudow Dahlewitz A10 A13 Gropiusstadt Grünau Marienfelde Buckow Altglienicke
Off ice Market Profi le | st 1 quarter 2020 Berlin Contacts Contact Berlin Stephan Leimbach Helge Scheunemann Gerald Dietzold Head of Office Leasing Germany, Head of Research Germany Senior Team Leader Office Leasing Member of the JLL Strategy Board +49 (0) 40 350011 225 +49 (0) 30 203980 144 Germany [email protected] [email protected] +49 (0) 69 2003 1245 [email protected]
Contact Düsseldorf Contact Frankfurt Contact Hamburg Martin Becker Markus Kullmann André Hoffmann Senior Team Leader Office Leasing Regional Manager Frankfurt Senior Team Leader Office Leasing +49 (0) 211 13006 600 +49 (0) 69 2003 1062 +49 (0) 40 350011 352 [email protected] [email protected] [email protected]
Contact Cologne Contact Munich Contact Stuttgart Andreas Reul Fritz Maier-Hartmann Sebastian Treier Team Leader Office Leasing Senior Team Leader Office Leasing Team Leader Office Leasing +49 (0) 221 2775 45 +49 (0) 89 290088 139 +49 (0) 711 900370 36 [email protected] [email protected] [email protected]
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