3
Office Market Profile Berlin | 1 st quarter 2020 Published in April 2020

Office Market Profile - JLL...jll.de Information regarding JLL and our services jll.de/research All research reports on current market figures and special topics jll.de/immo Commercial

  • Upload
    others

  • View
    4

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Office Market Profile - JLL...jll.de Information regarding JLL and our services jll.de/research All research reports on current market figures and special topics jll.de/immo Commercial

Office Market Profile

Berlin | 1st quarter 2020 Published in April 2020

Page 2: Office Market Profile - JLL...jll.de Information regarding JLL and our services jll.de/research All research reports on current market figures and special topics jll.de/immo Commercial

Off ice Market Profi le | 1st quarter 2020 Berlin

Berlin

Marzahn

Rudow

Blankenburg

Kladow

Mitte

Pankow

Marienfelde

Wartenberg

Friedenau

Friedrichsfelde

Britz

Mahlsdorf

Westend

Wilmersdorf

Lankwitz

Köpenick

Steglitz

Falkenberg

Heinersdorf

Siemensstadt

Oberschöneweide

Moabit

Zehlendorf

Wannsee

Staaken

StadtrandsiedlungMalchow

Kaulsdorf

Alt-Treptow

Heiligensee

Wittenau

Gatow

Dahlem

FranzösischBuchholz

Schöneberg

Reinickendorf

Alt-Hohenschönhausen

Altglienicke

Wilhelmstadt

Friedrichshain

Wedding

GrunewaldKarlshorst

Weißensee

Buckow

Buckow

Biesdorf

Lichtenberg

Neukölln

Friedrichshagen

Adlershof

Haselhorst

Nikolassee

Niederschönhausen

Niederschöneweide

Tegel

Mariendorf

Rosenthal

Johannisthal

Baumschulenweg

Tempelhof

Kreuzberg

Waidmannslust

PrenzlauerBerg

Schmargendorf

Konradshöhe

Grünau

Lichterfelde

MärkischesViertel

Wilhelmsruh

Charlottenburg-Nord

Malchow

Neu-Hochenschönhausen

Hellersdorf

Fennpfuhl

Rummelsburg

Plänterwald

Hansaviertel

Tiergarten

Gesundbrunnen

Charlottenburg

Gropiusstadt

Halensee

Spandau

Hakenfelde

FalkenhagenerFeld

A 111

A 103

A 114

A 10

A 100A 115

A 113

GroßGlienicke

Charlottenburg-WilmersdorfFriedrichshain-Kreuzberg

Lichtenberg

Marzahn-HellersdorfMitte

Neukölln

Pankow

Reinickendorf

Spandau

Steglitz-Zehlendorf

Tempelhof-Schöneberg

Treptow-Köpenick

Berlin-Tegel

Eastern Suburb€ 10.00-27.50

Western Suburb€ 11.50-17.50

Southern Suburb€ 10.00-26.50 Adlershof

€ 10.00-18.50

Wilmersdorf-Schöneberg€ 16.00-29.50 Kreuzberg-Tempelhof

€ 15.00-30.50

Mediaspree€ 26.00-35.00

Charlottenburg-Tiergarten€ 17.00-28.00

PrenzlauerBerg-Friedrichshain

€ 17.50-28.00

Northern Suburb€ 11.00-18.00

Kladow

Berlin

Gatow

KonradshMalchow(Hohensch

Klarahoeh

Falkensee

Berlin: Office Space Market Areas with Rental Bands (€/sqm/month) JLL Research 2020/Q1

A113

A10 A13

Berlin-Schönefeld

Berlin-Schönefeld

BohnsdorfGroßziethen

Karlshof

Kiekebusch

Schönefeld

Selchow

Rotberg

Tollkrug

Waltersdorf

Kienberg

Waßmannsdorf

Dahlewitz

Glasow

Area Airport Berlin-Brandenburg€ 8.50-18.50

Wilmersdorf

Schöneberg

Tiergarten

Charlottenburg

Charlottenburg 1A€ 23.00-37.00

Area Potsdamer-Leipziger Platz€ 25.00-37.00

Mitte 1A€ 26.00-36.00

Area Main Station-Europacity€ 28.00-35.50

Mitte€ 21.00-34.00

Mitte

Moabit

Schöneberg

Wedding

Kreuzberg

PrenzlauerBerg

Hansaviertel

Tiergarten

Gesundbrunnen

Berlin: Off ice Space Market Areas with Rental Bands (€/sqm/month)

Weak start to the year in the federal capitalThe Berlin off ice letting market began the year with a take-up volume of 172,000 sqm. This is a reduction of around 38% compared to the previous quarter and 20% lower than the fi ve-year average of respective comparative quarters. One of the reasons for this weak result was the strong year-end re-sult in 2019 with few deals pending completion in 2020. Once again, the main drivers of space take-up in the fi rst quarter of this year were high volume lettings. While the three largest transactions accounted for 20% of total take-up in the fi rst quarter of the previous year, they were responsible for 29% in the fi rst three months of the current year. Most of the quar-terly result was attributed to deals concluded in the > 10,000 sqm size category. On a local level, it is apparent that the new and centrally-located “Areal Hauptbahnhof-Europacity” submarket is attracting an increasing number of tenants. This can be attributed to the growing attractiveness of the lo-cation and the progressing project developments. Last year

alone, the supply of space in this submarket increased by around 45,000 sqm. In view of the current high level of con-struction activity there, it can be assumed that this trend will continue in the future. At the beginning of the year, the va-cancy rate in the federal capital was 1.9%. The prime rent was unchanged at €37.00/sqm/month compared to the pre-vious quarter, whereas the weighted average rent increased by 2.6% to €26.36/sqm/month.

Development of Main Indicators

Page 3: Office Market Profile - JLL...jll.de Information regarding JLL and our services jll.de/research All research reports on current market figures and special topics jll.de/immo Commercial

Helge ScheunemannHead of Research Germany+49 (0) 40 350011 [email protected]

Contact DüsseldorfMartin BeckerSenior Team Leader Office Leasing+49 (0) 211 13006 [email protected]

Contact FrankfurtMarkus KullmannRegional Manager Frankfurt+49 (0) 69 2003 [email protected]

Contact HamburgAndré HoffmannSenior Team Leader Office Leasing+49 (0) 40 350011 [email protected]

Contact CologneAndreas ReulTeam Leader Office Leasing+49 (0) 221 2775 [email protected]

Contact MunichFritz Maier-HartmannSenior Team Leader Office Leasing+49 (0) 89 290088 [email protected]

Contact StuttgartSebastian TreierTeam Leader Office Leasing+49 (0) 711 900370 [email protected]

Contact Berlin Gerald DietzoldSenior Team Leader Office Leasing+49 (0) 30 203980 [email protected]

Copyright © JONES LANG LASALLE SE, 2020. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.

Contacts

jll.de Information regarding JLL and our servicesjll.de/research All research reports on current market figures and special topicsjll.de/immo Commercial real estate properties for sale or to let througout Germany

Stephan LeimbachHead of Office Leasing Germany, Member of the JLL Strategy Board Germany+49 (0) 69 2003 [email protected]