Office Market Profile

Cologne | 1st quarter 2020 Published in April 2020 Development of Main Indicators

Market characterised by a lack of available space The Cologne off ice letting market got off to a very slow start to the year, recording take-up of a mere 38,500 sqm in the fi rst three months of 2020, 60% lower than in the fi rst quarter of last year. The number of deals concluded fell by 31% and both the volume of take-up and number of deals only managed to reach half of the fi ve-year average. This below-average result was not due to weak demand from companies, but rather to the lack of available and especially modern and high-specifi cation off ice average deal size was 500 sqm. Following a signifi cant space. With a current vacancy rate of just 2.2%, many increase in 2019, the prime rent remained stable at searches for space cannot be satisfi ed. Just 11% of the €26.00/sqm/month in the fi rst quarter of 2020, while the available space is of a top quality fi t-out specifi cation. weighted average rent was almost unchanged year-on-year No high-volume deals were registered in the fi rst quarter: at €15.54/sqm/month. so far this year, the largest lease was concluded by a company from the health sector which signed a contract for 4,500 sqm in the Ehrenfeld/Braunsfeld submarket. Just eight deals in the four-digit range were concluded; the

Cologne: Off ice Space Market Areas with Rental Bands (€/sqm/month) Cologne: Office Space Market Areas with Rental Bands (€/sqm/month) JLL Research 2020/Q1

Auweiler Heimersdorf Hardt Lindweiler A 3 Pulheim Flittard Esch/Auweiler Pesch A 1 Ossendorf/ Longerich Dünnwald Nippes € 6.50-14.00 Köln Stammheim Bergisch Gladbach Bocklemünd/Mengenich A 57 Weidenpesch Höhenhaus Ossendorf Niehl

Mauenheim Widdersdorf Bilderstöckchen Dellbrück Widdersdorf Mülheim Brauweiler Vogelsang Nippes Holweide Other Locations Bickendorf Riehl Neuehrenfeld Buchheim Bensberg Ehrenfeld/ Lövenich Neustadt-Nord BraEuhnrensffeeldld Müngersdorf Buchforst € 6.50-15.50 A 4 Braunsfeld Höhenberg Weiden Altstadt-Nord Deutz/ Merheim Brück City Centre Messe Kalk Kalk/ Peripherie West Deutz Mülheim A 3;A 4 € 9.50-26.00 € 8.00-20.00 € 7.00-12.50 € 7.00-16.00 Neubrück Buschbell Altstadt-Süd Vingst Lindenthal Rhinebank-West L 124 Humboldt- Gremberg Ostheim Junkersdorf Lindenthal/ Rath/Heumar Marsdorf € 13.00-26.00 A 4 Sülz Neustadt-Süd € 8.00-15.00 Rath Sülz Poll Frechen Forsbach Raderberg Bayenthal A 1 Gremberghoven Klettenberg Zollstock Bayenthal/ A 559 Marienburg Westhoven € 9.00-16.00 Marienburg Raderthal Rhein Ensen Eil A 3 Finkenberg A 59 Gleuel Porz/ Rösrath Gremberghoven € 8.50-13.50 Hürth L 84 Berrenrath Weiß Porz Grengel Rondorf Urbach Konraderhoehe Rodenkirchen A 555 Hahnwald € 7.00-11.00 Zündorf Sürth Elsdorf Wahnheide Meschenich ImmendorfImmendorf Godorf Köln/

Off ice Market Profi le | st 1 quarter 2020 Cologne 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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