27. Januar 2012 
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Take-up rises by nearly 18 percent: Third-best result ever registered
A similar trend is apparent in space under construction. While the actual construction volume has remained virtually unchanged, at slightly under 2.02 million square metres, the space still available to the rental market has dropped by 12 percent (to 816,000 m²). So now, only around 40 percent of the volume of premises under construction is still available for renting.
In Essen (13.50 €/m²) and Leipzig (11.50 €/m²), prime rents remained stable, but in all the other cities they moved higher. By far the biggest rise was that registered in Munich, with an increase of 10 percent to 33 Euros per square metre. Rise of slightly less than 3 percent were posted in Frankfurt (36 €/m²) and Stuttgart (18.50 €/m²). In Berlin (22 €/m²) and Hamburg (23.50 €/m²), prime rents climbed by over 2 percent, while Düsseldorf (24.25 €/m²) and Cologne (21.70 €/m²) reported only slight year-on-year climbs. On average across all the locations, rents thus rose by around 3 percent.
Office markets in 2012: Moderate decline in take-up expected
„Despite the ongoing good general conditions, which currently point to a slow-down in economic growth rather than to any recession, even the German economy will be unable to entirely escape the impact of the problematic European and global situation. In view of this, we anticipate that take-up in 2012 will be lower than that recorded last year. At the moment, though, there is no indication of any appreciable slump being imminent, and so we expect to see a result above the long-term average“, says Bienkowski confidently. „One prerequisite for this, however, is that the currency crisis does not get out of control“.
The way in which prime rents develop will probably be influenced by two differing trends: On the one hand, the somewhat duller economic climate will have a braking effect, on the other, the steadily declining supply of modern office premises will take on greater significance. So the most likely scenario from today's angle is that prime rents will rise only moderately. Summing up, Bienkowski says: „Overall, the prospects for the German office markets are therefore more stable than might have been expected against the backdrop of the diverse problems confronting Europe. Nevertheless, there are many imponderables whose possible impact on the markets is virtually impossible to forecast“.
In Essen (13.50 €/m²) and Leipzig (11.50 €/m²), prime rents remained stable, but in all the other cities they moved higher. By far the biggest rise was that registered in Munich, with an increase of 10 percent to 33 Euros per square metre. Rise of slightly less than 3 percent were posted in Frankfurt (36 €/m²) and Stuttgart (18.50 €/m²). In Berlin (22 €/m²) and Hamburg (23.50 €/m²), prime rents climbed by over 2 percent, while Düsseldorf (24.25 €/m²) and Cologne (21.70 €/m²) reported only slight year-on-year climbs. On average across all the locations, rents thus rose by around 3 percent.
Office markets in 2012: Moderate decline in take-up expected
„Despite the ongoing good general conditions, which currently point to a slow-down in economic growth rather than to any recession, even the German economy will be unable to entirely escape the impact of the problematic European and global situation. In view of this, we anticipate that take-up in 2012 will be lower than that recorded last year. At the moment, though, there is no indication of any appreciable slump being imminent, and so we expect to see a result above the long-term average“, says Bienkowski confidently. „One prerequisite for this, however, is that the currency crisis does not get out of control“.
The way in which prime rents develop will probably be influenced by two differing trends: On the one hand, the somewhat duller economic climate will have a braking effect, on the other, the steadily declining supply of modern office premises will take on greater significance. So the most likely scenario from today's angle is that prime rents will rise only moderately. Summing up, Bienkowski says: „Overall, the prospects for the German office markets are therefore more stable than might have been expected against the backdrop of the diverse problems confronting Europe. Nevertheless, there are many imponderables whose possible impact on the markets is virtually impossible to forecast“.
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