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German office market nearly balanced

The results of the German Office Rent Reversion Index (DMX), annually published by IPD and by alstria office REIT-AG, show a very low rent reversion for the reporting year to May 2012. After the strong result of 3.9% in the last reporting period the current value of the DMX to May 2012 is only 0.3% and therefore shows a nearly balanced relation between the average contract rents and the average sustainable rents of office leases. The current contract rent for all running office leases is 12.85 €/sqm/month which is very close to the average sustainable rent of 12.89 €/sqm/month. The German Office Rent Reversion Index (DMX) shows the potential for rental growth for the German office market by comparing the contract rents with the sustain...[…]