The brokerage company JLL Germany reports a “buoyant” start to the year on the Frankfurt office market and a strong influx of high-quality space.
The company expects top rents to rise.
That is
accordingly, there were no major deals in the first three months.
However, JLL
a total of 111,400 square meters of real estate brokered, which is an increase of 35 percent compared to the first quarter of last year.
131 degrees are 25 more than a year ago.
The five largest stores of this type totaled 47,000 square meters.
28,000 of these were accounted for by a customer from public administration.
Disrupted supply chains as an obstacle to the office market
High-quality office space in particular is currently in high demand: "There is a real run on top products in very good locations," Stephan Leimbach, Head of Office Leasing JLL Germany, is quoted as saying.
JLL was formerly known as Jones Lang-LaSalle.
However, not enough such offices are available.
Disrupted supply chains made themselves felt.
Completion has been delayed by a year.
Many industries are complaining about delays due to the corona pandemic and the war in Ukraine.
For example, Russian construction steel was recently missing.
"The strong demand for high-quality office space in the best locations will probably lead to a further rise in prime rents this year," says JLL.
They should climb from EUR 42.50 per square meter to EUR 44.50.
The average rent is a good 22 euros.
The broker predicts the vacancy rate to be just under eight percent.