Germany - Hessen

City Report Frankfurt 2011

City Report Frankfurt 2011

Second-best half-year turnover of the past ten years

Take-up of office space in the Frankfurt market area in the first half of 2011 totalled 274,000 m². This represents a year-on-year rise of almost 16 % and is the second-best first-half result achieved in the past ten years. It was exceeded only by the first six months of 2008, when the total was 296,000 m². It is notable that this year’s result was achieved without any of the out-of-the-ordinary deals of the kind which played an important role in previous years (2009: Deutsche Bahn with 72,000 m²; 2010: ECB with 104,000 m²). This fact reflects stable demand across a broad front. In the narrower market area, as defined by the major players, take-up came to 242,000 m² – around 6 % more than in 2010.

Author(s): several

Source: BNP Paribas Real Estate

Published: 07.07.2011