Q2 | July 2021
Research Germany Office Market Profile Berlin Berlin: Sobering second quarter in the Berlin office letting market
There was a total take-up of around 365,800 sqm in the Development of Main Indicators Berlin office letting market over the first six months of 2021. This is a rise of around 6% compared to the same period the previous year. The second quarter contri buted 148,000 sqm, which means that an average first quarter was followed by a weak second quarter. The market uncertainties as a result of the COVID-19 pande- mic have left their mark on demand. Nevertheless, there were three lettings concluded in the >10,000 sqm size category over the last three months. The most active tenant was Bundesanstalt für Immobilienaufgaben (BIMA, Institute for Federal Real Estate) which leased 19,400 sqm in the submarkets Northern Suburb and 14,800 sqm Eastern Suburb. The most active sectors over the first half of the year were the public sector and 3.9%. The combination of a lack of highly priced lettings banks and financial services providers, which together and the increase in the number of low-priced transac- accounted for around 30% of take-up. The lack of de- tions has resulted in a slight fall in the weighted average mand and the increasing number of unlet newly com- rent from €26.47/sqm/month to €26.26/sqm/month. The pleted properties are now noticeable from the steady prime rent has remained stable at €38.00/sqm/month. rise in the vacancy rate, which increased by 0.5% points compared to the previous quarter to its current level of
Berlin: Office Space Market Areas with Rental Bands (€/sqm/month) Berlin: Office Market Areas with Rental Bands (€/sqm/month) JLL Research 2021/Q2
Wedding Gesundbrunnen Klarahoeh Tiergarten Prenzlauer Konradsh Berg Malchow(Hohensch Charlottenburg Area Main Station-Europacity € 28.00-36.50 Friedrichshain Charlottenburg 1A Berlin Northern Suburb Moabit € 23.00-38.00 € 11.00-22.00 Mitte Hansaviertel Mitte 1A € 21.00-36.00 Schöneberg € 26.00-36.50 Friedrichshain Falkensee Wilmersdorf Tiergarten Mitte Area Potsdamer-Leipziger Platz Prenzlauer Berg-Friedrichshain € 25.00-37.00 Kreuzberg € 17.50-30.00 Schöneberg
Western Suburb Charlottenburg-Tiergarten € 11.50-22.50 € 17.00-30.00
Berlin
Mediaspree Eastern Suburb € 26.00-36.00 € 10.00-27.50
Berlin Wilmersdorf-Schöneberg Kreuzberg-Tempelhof € 16.00-30.00 € 15.00-34.50
Gatow Area Airport Berlin-Brandenburg A 117 € 9.00-18.50
Flughafen
Berlin-Schönefeld A 113 Blankenfelde Southern Suburb € 10.00-26.50 Kladow
Adlershof € 13.00-20.50 A 10 © OpenStreetMap&contributors A 13 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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