Germany - Hessen

City News Q1/2010 Frankfurt

Marked fall in turnover

Take-up in the Frankfurt market area in the first three months of 2010 totalled 58,000 m2, corresponding to a year-on-year fall of 61 %. However, since no large-unit leases have been concluded as yet, the results are not strictly comparable. Nevertheless, the Q1 performance was the worst for any quarter for many years. It was due among other things to the so-far low contribution to turnover by banks and financial services, which accounted for only just over 11 % of the total. First place in terms of business sectors was taken by consultancies with 29 %; it was followed by other services (almost 19 %). In the more narrowly defined market area (City of Frankfurt, Eschborn + Kaiserlei), take-up in Q1 was 56,000 m2.

Author(s): several

Source: BNP Paribas Real Estate

Published: 01.04.2010